Socium adds Americas BD head to help drive regional growth

Socium Fund Services announced that it has selected Matthew Reynolds to head its business development activities across the Americas, a move that’s meant to help the service provider bolster its regional presence.

Reynolds is filling a newly created position, a spokesperson for Socium told Private Funds CFO.

The Americas push by Socium, founded in 2016, follows its acquisition in April by Suntera Global. It offers fund administration services to clients in private equity, private credit, venture capital and real estate.

The service provider has three offices in the US and one in the Cayman Islands.

Reynolds, Socium said, “will apply his business development experience and leverage his robust network of leading industry professionals to contribute to the company’s strategic growth and identify new partnerships with key providers.”

The new executive will also be tasked with “increasing the firm’s brand awareness throughout the Americas” and developing its base of clients.

Reynolds previously worked for Sanne Group, which was acquired by Bermuda-based Apex Group in August. While at Sanne, Reynolds was involved in building its reputation in the Americas. Before that, he held senior client-related roles at Preqin and The SpyGlass Group, LLC.