Independent private equity fund administrator Gen II Fund Services has appointed Shawn McMenimen as a senior managing director.
McMenimen will be responsible for managing various client relationships and oversight of Gen II's compliance department.
In this role, he will work closely with Steven Alecia, Gen II's chief client officer, and Yuliana Gekhel, senior managing director, to optimise technology and control processes to support business growth.
"We are delighted to add Shawn to our team," says Alecia. "He's a highly experienced fund administration professional with exceptional knowledge of our product suite and understands intimately the level of service clients expect from their fund administration partner."
McMenimen has over 17 years of private equity fund administration experience, and joins Gen II from State Street, where he led a large global team as a managing director of private equity fund administration and limited partner performance & analytics in the alternative investment solutions division.
McMenimen joined State Street as part of the acquisition of Investors Bank and Trust Company in 2007 and was a senior leader in the development and growth of State Street's private equity offering. He led efforts to design and implement a global operating model for private equity fund of funds administration, and optimised servicing of private equity funds with complex strategies and investment processing requirements, such as senior loans, distressed debt, and other credit products. He was also instrumental in the development of an administration model for the unique requirements of Business Development Companies.
"I'm very excited to be joining the Gen II team," says McMenimen. "I look forward to working with such an accomplished group of professionals that take great personal pride in providing top tier service to their clients."
