Heritage International Fund Managers Limited (HIFM) has made a host of new appointments.
David Dorey (pictured), who joined the team as Head of Private Equity in January 2012, will be responsible for the client delivery on all existing and new private equity clients. David has a wealth of experience in the administration and management of private equity funds having held a number of senior positions within private equity firms and administrators in Guernsey, notably eight years with BC Partners, both in London and locally.
James Christie and Andrew Cooper have both joined as Senior Fund Administration Managers heading up teams of administrators servicing private equity, infrastructure, emerging markets, equities and bond funds. Both Christie and Cooper bring a number of years’ experience with them from their extensive careers in the funds industry locally and are an important part of growing HIFM’s management team.
Qualified Chartered Accountant Susie Peer joins HIFM as a Fund Administration Manager from Bank of America in London where she worked in the capital markets and investment banking team, having previously been an investment management tax consultant at PricewaterhouseCoopers.
These appointments are instrumental in developing the next tier of management, as well the new generation of fund administrators. Since the launch of HIFM in April 2006, the team has grown from strength to strength placing it as one of the leading independent management-owned fund administration businesses in Guernsey. These recruits provide the essential support for the Board of the Directors to continue providing the high quality service for which HIFM has become recognised.
Further recruits have been appointed to strengthen the corporate secretarial team and also to support HIFM’s graduate and school leaver training programme.
Alongside this, HIFM has last year invested in its business development and client solutions team to provide clients, both existing and new, with technical and pragmatic support both at the launch stage and throughout the life of the relationships.
Mark Huntley, Managing Director of HIFM, says: “Despite a challenging 2011 for the funds industry as a whole, these appointments highlight HIFM’s continued commitment to both its own clients as well as the overall Guernsey fund community. This sends out a positive message that HIFM is well positioned and open for business. We have been privileged to experience not only global expansion, but growth in our core business locally over the past year with existing funds raising new money, the successful launch of new funds investing in property in Macau, private equity in Turkey, private equity turnarounds in UK and Ireland and forestry.
“Deal activity has steadily increased as funds we administer look to invest. HIFM’s clients have been involved in a number of high profile deals and capital raises throughout 2011, such as the raising of GBP130.7m through a London Stock Exchange main market secondary capital raising for John Laing Infrastructure Fund and the launch of the second Better Capital Fund with a pioneering listed PCC structure.
“The team’s efforts during these strategic client projects and deals have not gone unnoticed. With the use of more innovative and technically challenging structures the team came into their own and reinforced HIFM as an administrator who adds value and works in partnership with its clients and all of their advisors. We are looking forward to the challenges 2012 will bring and are confident that we have the team in place to support all of our clients’ needs and capitalise on our extensive experience.”
