Butterfield Fulcrum, an alternative fund administrator, has added Brian Young to its New York business development team.
He will be working with Andrew Smith, head of global business development, and will have specific responsibility for promoting the Altinus managed account platform among allocators.
Altinus is the first administrator sponsored managed accounts platform, providing segregated and co-mingled managed accounts with a common set of tools for operations, administration and risk monitoring.
"Having Brian join our team is a great step for Altinus," says Smith. "He brings a wealth of experience from his years in corporate and investment banking, and more specifically in the managed accounts industry. It is an exciting time for the platform, as we now have a strong team out in the market in the US and Europe. In the first month since the launch we already have 40 managers ready to go live on the platform, and are in talks with a significant number of asset allocators. I look forward to working with Brian to generate more interest and growth."
Young joins from BNP Paribas where he held various positions within the equity and commodity derivatives group including hedge fund derivatives, capital introduction and, most recently, promoting BNP’s interests in Innocap, a hedge fund managed account platform.
"The Altinus platform is an interesting and innovative product that offers unprecedented flexibility to allocators and managers," says Young. "Its open architecture and ability to deliver multi-manager, multi-prime and multi-strategy solutions in a comprehensive offering has not previously been available to the alternative investment industry."
