The Bank of New York has appointed two new members to its hedge fund administration team. Michael Young heads hedge fund relationship management and Manzar Ahmed has been appointed as head of hedge fund administration sales in Europe. Both Michael and Manzar report to David Aldrich, managing director, head of securities industry banking, Europe.
Michael brings his wealth of experience in fund accounting, project management and transfer agency to his new role. He joins from The Bank of New York’s Dublin-based joint venture, AIB/BNY, and has previously held posts at Eagle Star Life and JP Morgan Chase. Michael’s key responsibility is to manage and develop the relationship between the bank and its hedge fund clients in Europe.
Manzar has over ten years experience in sales, fund accounting, performance analytics and consultancy. He joins The Bank of New York from Linedata Services Asset Management where he successfully launched the company’s compliance software products in the UK. Previously, he has held positions with Lazard Asset Management and Schroders. Primarily, Manzar will be responsible for developing sales of the bank’s hedge fund administration services throughout Europe.
David Aldrich, managing director, The Bank of New York says, “The bank’s European hedge fund clients will benefit enormously from the addition of these senior appointments. Both Michael and Manzar bring with them significant experience, and we are confident that their appointments will help contribute to the development and achievement of the Bank’s overall business strategies.”