Ipes hires new operations head

Ipes has named Andy Pitter head of its Jersey operations and Nigel Strachan group head of business development.

Pitter joins the fund administrator in the newly created role from private bank Kleinwort Benson, where he worked for 20 years as a director, having originally joined the company in 1985.

The appointment of Strachan as group head of business development follows the departure of former commercial director Justin Partington last year.

Strachan joined Ipes in January 2011 as managing director of its Jersey office. He too joined from Kleinwort Benson, where he spent more than nine years as head of new business.

Strachan will continue to be based in Jersey but will head Ipes’ business development and marketing activities across its other three offices located in London, Luxembourg and Guernsey.

The hires come less than a week after the firm announced its partnership with business services provider KPMG to provide increase services for clients, such as private equity firms, affected by the Foreign Account Tax Compliance Act (FATCA), as reported on pfm.

Ipes provides administration and depositary oversight to $102 billion assets for 262 funds.