Pinnacle expands to Canada 13 January 2011Vancouver Reporter: Ben Wilkie
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Pinnacle Fund Administration has opened a Canada office in Vancouver.
Pinnacle Canada Fund Administration will be managed by industry veterans David Smith and Keith Donald and will serve the Canadian alternative market as well as strategic international locations.
David Smith, a Canadian chartered accountant, is the co-founder of Pinnacle and has over 10 years experience in the hedge fund industry. From 2000 to 2004, he practiced in the hedge fund industry in Bermuda, first at Ernst & Young and then, at Prime Management Limited. In 2004 he established Pinnacle Fund Administration LLC in Charlotte, North Carolina. At Pinnacle, Smith was responsible for the delivery of fund administration services to clients and investors including the development of Pinnacle’s technology platform and operating systems.
Keith Donald, a UK chartered accountant has over 12 years experience in the hedge fund industry, practicing in Bermuda between 1998 and 2008 at KPMG and Olympia Capital. Following his move to Canada in 2008 Donald was chief executive officer of CACEIS (Canada) Limited. At CACEIS and Olympia Capital, Donald was responsible for all aspects of operations, including new client integration, business development and client relationship management.
John Kelly, managing member of Pinnacle Fund Administration LLC, said: “There are tremendous opportunities in the Canadian market. We are also delighted to attract a talented professional of Keith Donald’s calibre to join our team in the next phase of Pinnacle’s growth.”
David Smith, managing director, Pinnacle Canada Fund Administration Ltd., said: “Opening the Vancouver office allows us to collaborate with our Canadian clients, understanding their local service and regulatory needs whilst leveraging the client service and technology model that enabled our success in the United States market.”
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