Crestbridge expands Irish operations 08 March 2021UK Reporter: Maddie Saghir
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Crestbridge, the alternative for private equity and real estate administration solutions, has opened a new office in Ireland and hired investment funds expert, Andrea Lennon as head of funds, Ireland.
Lennon has more than 20 years of experience in the investment funds industry working across the full end-to-end value chain, including product development and life cycle.
She has also worked with asset managers and asset owners across Europe, the US and Asia, and is focused on providing a culture of service excellence to clients.
Meanwhile, Áine Hickey joins Crestbridge as head of risk and compliance, Ireland. Hickey has over 13 years of financial services experience across fund administration, asset management, banking and capital markets with consulting experience.
The firm will initially focus on supporting clients with multi-jurisdictional structures.
Crestbridge is authorised to provide corporate services in Ireland and aims to provide fund administration services shortly, subject to regulatory approval from the Central Bank of Ireland.
Lennon says: “This is another significant milestone for Crestbridge and an excellent strategic fit with the other parts of the Institutional Services portfolio as Ireland is a leading investment fund centre and a major domicile for the cross-border distribution of funds into the European Economic Area and global markets. I’m thrilled to be joining the firm at this exciting time.”
Michael Johnson, group head of institutional services at Crestbridge, adds: “Recent changes with the introduction of the new ILP law makes Ireland an even more attractive domicile for investors and managers and one that directly aligns with our strong private equity and real estate expertise.”
Johnson adds: “We’re confident that the new regime, along with Ireland’s reputation as a centre of excellence for domiciled and non-domiciled funds, will support delivery of the agile administrative solutions that our clients demand.”
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