Northern Trust hires new MD in Jersey 05 December 2011Channel Islands Reporter: Anna Reitman
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Northern Trust has announced the appointment of Dave Sauvarin as managing director of its Jersey office. In his role, Sauvarin is responsible for managing Northern Trust’s Jersey office, which provides specialist services and expertise for a range of traditional and alternative assets including real estate, private equity, infrastructure funds, hedge and fund of hedge funds administration.
During a 15 year career with Northern Trust, Sauvarin has had broad experience across risk management and fund administration. In 2006, he moved into Northern Trust’s real estate fund administration operations, assuming responsibility for teams specialising in commercial real estate investment, stock exchange listings and real estate product development and projects. He will report to Paul Cutts, who was recently appointed as country head for the Channel Islands.
Sauvarin replaces Paul Guilbert, who has been appointed head of private equity in Guernsey.
“Guernsey and Jersey are both leading international funds locations and offer unique opportunities for promoters of both conventional and alternative funds,” said Paul Cutts, country head, Channel Islands. “As head of the Jersey office, Dave will leverage his broad experience to build on Paul Guilbert’s contribution to the Jersey office. Paul meanwhile will return to Guernsey in a key strategic role to lead our dedicated Guernsey private equity administration business which, with private equity funds with committed capital of $47.8 billion under administration, is Northern Trust's largest global private equity asset servicing centre."
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