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Alternative Market Briefing

Butterfield Fulcrum creates 150 jobs in Halifax, its domicile of choice

Thursday, July 25, 2013

Komfie Manalo, Opalesque Asia:

Independent hedge fund administrator and service provider Butterfield Fulcrum announced the creation of 150 new jobs in Halifax, Nova Scotia, which it still considers as its domicile of choice for its expansion.

The move came after Butterfield was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly owned subsidiary of Mitsubishi UFJ Financial Group, last month.

"We are delighted and honored to become part of the MUFG family of financial companies," said Glenn Henderson, CEO of Butterfield Fulcrum Group at the time of the acquisition. "This acquisition will reinforce our ability to deliver the highest quality fund services to our clients, while significantly increasing our breadth of products and services, our geographic reach and our financial strength."

Tim Calveley, Deputy CEO of Butterfield Fulcrum commented, "Backed by the strength of MUFG, we expect to add numerous additional client services in the near future, including banking, custody, trust, foreign exchange and securities lending. We will be leveraging MUFG’s global brand and presence along with Butterfield Fulcrum’s industry leading technology and talent to expand into new geographies and client opportunities. Importantly, for existing clients, it is business as usual. Our ......................

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