Ultimus Fund Solutions has hired Ian Martin from US Bancorp as chief administrative officer, where he will oversee the planned merger with Gemini.
As both Ultimus and Gemini use the same core technology platforms, Martin’s role will largely focus on the integration of corporate services and ensuring the client services teams are using best practices across the two firms.
Martin joins from US Bancorp Fund Services where he spent 27 years at the firm, most recently serving as head of the transfer agency department.
He is also widely recognised as an expert on mutual fund processing, shareholding servicing, efficiency and quality control, having led transformational projects over his career.
Martin also served as chairman of the Board of the Trust for Advised Portfolios, a multi-series trust with 13 funds and $3.5 billion in net assets.
“We are pleased to have a seasoned industry leader overseeing the integration of Ultimus and Gemini, making sure we leverage the best processes from both firms and advance our commitment to quality and client service levels,” said Gary Tenkman, CEO, Ultimus.
“This role ensures that our teams will focus on delivering the award-winning client service we are known for, as Ian’s integration team is purposely a separate set of resources.”
Ultimus announced it would merge with Gemini in November after both companies entered into a deal to be acquired by private equity firm GTCR.
The combined company, which will operate as Ultimus Fund Solutions only, will hold approximately $150 billion of assets under administration, service over 840 funds, and provide a range of middle- and back-office services to mutual fund and alternative investment managers.