Intertrust hires new CEO and launches Luxembourg AIFMD offering
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Intertrust hires new CEO and launches Luxembourg AIFMD offering 12 December 2017Amsterdam Reporter: Jenna Lomax
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Intertrust, a Dutch fund manager has appointed Stephanie Miller as its new CEO and member of the management board.
Miller, who was previously J.P. Morgan’s head of fund services, will replace current CEO David de Buck.
Subject to shareholder and regulatory approval, Miller will start in her new role on 22 January 2018, and hold the position for four years. De Buck will remain with Intertrust until the annual general meeting on 17 May 2018, in order to ensure a smooth transition.
Miller has more than 15 years experience in financial services. As well as working for J.P Morgan, she has served as senior vice president and managing director at SS&C Technologies and also worked at Citco Fund Services.
Helene Vletter-van Dort, chair of the supervisory board, said: “Following a thorough selection process, we are delighted to appoint Stephanie Miller.”
She added: “With her extensive experience in the financial services sector across the US, Asia and Europe, the Middle East and Africa, and her strong focus on digitisation at SS&C, the supervisory board is confident that Miller is well positioned to lead Intertrust into the future.”
Miller commented: “Intertrust is a great company with lots of opportunities for future growth and I am excited about the prospect of leading it.”
She added: “My passion as a leader is to ensure the highest quality standards in the industry and a continuous focus on excellent service delivery to our clients.”
The appointment came shortly before Intertrust announced it has been approved to provide alternative investment fund management (AIFM) services from Luxembourg.
Intertrust Luxembourg will offer a suite of integrated fund services covering AIFM, central administration and depository services.
Paul Lawrence, global head of fund services at Intertrust, said: “The AIFM Directive (AIFMD) prompted a transformational shift in the EU alternative funds landscape by introducing EU passporting, compulsory regulation and significant reporting requirements. Intertrust’s management company can reduce the burden on investment managers and fund promoters by performing many of the AIFMD-related duties.”
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