Opalesque Industry Update: Maples Fund Services, a division of MaplesFS, has expanded its U.S. operations with the hire of Megan Corcoran, Director of Business Development, Americas. Based in New York, Megan will focus on expanding opportunities for continued growth of the fund services business in North America and South America.|
Megan will work closely with Scott Somerville, CEO of MaplesFS, and Toni Pinkerton, Global Head of Fund Services, to sell fund administration, middle-office and risk services to the alternative investment market. With an increase in assets under administration of more than 30 percent over the past year, the addition to the business development team is primarily in response to expanding market share in North America.
“Megan’s experience providing customized solutions to clients opens opportunities for us to continue to expand into new market segments in the U.S.,” Pinkerton said. “With the continued enhancement of our product and technology offering, our business has grown considerably over the past year.”
Megan was previously Director of Sales & Marketing at GlobeOp Financial Services, where she was responsible for selling middle and back office solutions, fund administration and risk services to alternative investment firms and institutional investors in North America. Prior to that, she was Director of Business Development at Fulcrum, where she sold hedge fund administration globally, and prior to that, she worked at Channel Capital Group marketing HedgeFund.net and PrivateEquityCentral.net. Earlier in her career, Megan was a journalist working for notable financial publications, including Institutional Investor and SmartMoney.