Ultimus Hires Former Citi Fund Services Executive

Mutual fund administrator Ultimus Fund Solutions has hired former Citi executive Gary Tenkman as managing director.
By Jake Safane(2147484770)
Mutual fund administrator Ultimus Fund Solutions has hired former Citi executive Gary Tenkman as managing director.

At Ultimus, Tenkman will lead the firm’s ongoing expansion into service areas such as middle-office, compliance and alternative fund services, among others.

Prior to coming to Ultimus, Tenkman served as head of fund services operation for Citi in North America, where he was responsible for the operations for both U.S. and Canadian registered fund business, middle office services and alternative investment services. In all, he has over 20 years of experience in the fund operations and servicing space for both registered and alternative services. In addition to Citi, he has also held operational and administration roles at BISYS and started his career as an audit manager at EY.

“Gary is a very accomplished leader in the fund operations industry and to bring in someone of his caliber is a huge benefit for Ultimus and our clients,” says Bob Dorsey, co-founder and managing director at Ultimus. “In the face of changing regulations and investor expectations, advisors are looking for partners who can provide strategic services and advice across the operational spectrum. With his deep experience in the registered and alternative arenas Gary allows us to build on our leadership position in the mutual fund space and develop new strategic offerings in the middle office and alternative fund areas.”

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