Elian, a provider of corporate services, fund services, private wealth and capital services, has extended its international footprint with the opening of an office in New York.
The New York office will support Elian’s fast-growing and comprehensive range of corporate services, including corporate structuring, structured finance and asset finance. The office will also support Elian’s broad range of administration services to private equity, real estate and hedge fund managers.
The office will be led by managing director John Wallace (pictured), who has over 25 years' international financial markets experience. Wallace has held a number of senior positions in New York, London and Tokyo with Deutsche Bank and Bankers Trust. More recently he was a founding member of Guardian Director Services, providing independent directors to boards of alternative funds, and has also provided independent consultancy advice to the alternative investment industry.
In his new role Wallace will be responsible for developing a strong network of clients and intermediaries in the Americas, giving them direct access to Elian’s global reach of offices and service lines.
‘Elian is a major player in the structured finance and alternatives fund space, as such having a strong and permanent presence in the world's largest financial market is critical. I am joining Elian at a very exciting stage and look forward to using the significant experience I have gained in financial services to increase our profile and drive growth in the key Americas markets,' says Wallace.
Elian was established in September 2014 following a management buy out of the business from Ogier, the offshore legal and administration group. Elian specialises in the establishment and on-going administration of companies, funds and trusts for multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers.
Paul Willing, Elian CEO, adds: ‘The opening of our New York office is part of Elian’s strategic plan to become a truly global provider of outsourced administration services to corporate, fund and private wealth clients. New York is a key location for our international clients and their advisors and I am delighted that John has decided to join us. John’s experience and expertise are second to none, and I expect him to play a significant role in helping Elian become the most recognised and respected service provider in our sector.’