Fund administration firm MG Stover has made a series of executive appointments to its recently opened Canadian office. The appointments have been made in response to increased demand for digital asset services.
The company was acquired by digital asset infrastructure provider PolySign in April 2022, and provides services to hedge funds, private equity funds, and venture capital funds.
Nik Rowlston (pictured) joins the company as head of fund services for Canada. With specialist experience in alternative investments, Rowlston was previously managing director of fund administration at SS&C Technologies.
Patrick Clancy will serve as head of digital asset strategy. Formerly managing director of digital assets at CPA and consulting firm Armanino, Clancy focuses on digital assets and accounting and reporting.
Kenny Broom has been appointed as director of venture capital, where he will be responsible for leading the digital asset practice for the venture team. Before moving to MG Stover, Broom was a senior manager at Armanino.
Ray Kamrath will serve as chief revenue officer, joining the team from Amber Group, where he was most recently head of institutional prime services. He will be responsible for driving revenue across both MG Stover and Standard Custody & Trust Co, another PolySign company.
Brian Wolf has been appointed as senior vice president of people and culture. In the role, he will be responsible for promoting diversity, equity, and inclusion in MG Stover’s workplace culture. Wolf joins from Mediaocean, where he served as senior vice president for people and culture.
Matthew Stover, CEO of MG Stover, says: “We are excited to add such a strong set of executives to our team as we continue to revolutionise the quality and breadth of the digital asset infrastructure available to the growing cohort of institutional investors.”
Jack McDonald, CEO of PolySign, comments: “Demand for our fund administration services has continued to grow despite the recent downturn in the markets. With client service being foundational to our offering, it is critical to add proven leaders to our team.”
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