Fund-Technology.com

Standard Bank Offshore announces new Managing Director

Posted: 29 May 2008

 Archie Garden will lead a senior team who will be responsible for Standard Bank's fund administration division. Mr Garden will take over as Managing Director in September 2008, with Mr Hart remaining an advisor to Standard Bank and maintaining directorships on client fund structures.

Ian Gibson, Chief Executive, Standard Bank Offshore, said: "During the last nine years Peter has been instrumental in growing Standard Bank's fund administration business six-fold, from $2.2 billion within 60 funds to $12 billion in 180 funds today. I am confident that we will see similar rates of growth in the future and the early announcement of Peter's successor will mean a seamless transfer of clients."

Marilyn Logan will take up the role of Client Services Director with responsibility for all in-house fund administration, whilst Vernon Breese's role in Sales and Product Development will be strengthened as he takes greater responsibility for new client acquisition.

The team will be supported by Gary Powell, Director of Valuations, who will continue to drive performance, with particular focus on leveraging the success of Standard Bank's new fund valuation support operation in Mauritius.

Click here for more information on Jersey

Back to news