TMF Group has appointed Kwame Lewis as head of fund services for North America to fuel its administration growth plans in the region.
Lewis joins from ACON Investments, a middle-market buyout private equity manger with more than $5 billion in assets, where he was chief financial officer. He also spent 16 years as an auditor at PwC, focusing on private equity and venture capital funds.
In the newly created role, Lewis will responsible for supporting and accelerating the growth of TMF’s fund services unit in North America.
“Kwame’s arrival greatly advances our fund services offering for private equity, venture capital, real estate, private credit and other managers of closed-end funds. He is well-known among his peers and widely viewed as an innovator,” said Jan Willem van Drimmelen, market head for North America, TMF Group.
The appointment of Lewis follows TMF’s recent build-up of its North America business. In July, the fund administrator hired a trio of fund services executives from rival firm Apex Group, including 30-year fund administration veteran Howard Eisen as its new head of fund services sales for North America.
A number of emerging fund administrators have bolstered their North America fund services capabilities in recent months to help capture the region’s private equity and alternatives fund market.
In March, Vistra hired four senior directors from TMF Group for its North America fund services business, including TMF Group’s former head of private equity funds services practice for North America, in order to provide new private equity fund services capabilities.
Meanwhile, Apex Group has broadened its North America offering with a range of new local accounting and tax services, as well new escrow and corporate solutions.