Opus hires three and acquires AlphaMetrix360 23 December 2013Bermuda Reporter: Georgina Lavers
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Opus Fund Services has hired three senior employees to join its global management team.
Keenan Press joins as senior vice president from Dundee Leeds where he was vice president, head of investor relations.
Jake Strohman joins as vice president of fund accounting, from AlphaMetrix360 where he was senior manager of financial reporting.
Elizabeth Wright joins as vice president of fund accounting, from Northern Trust where she was second vice president of production services.
Meanwhile, it has been reported that the firm is to acquire the administration business of AlphaMetrix360. In October, the National Futures Association said in a letter to FCMs that data would no longer be gathered by AlphaMetrix360.
The letter stated: "As you know, NFA and CME Group launched an initiative in February 2013 that automated the collection of end-of-day account balance information for customer segregated accounts. To launch the program, NFA and CME Group contracted with AlphaMetrix360 to serve as its third-party data aggregator. Since that time, NFA and CME Group have taken steps to develop the systems needed to perform this function on their own."
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