SOURCE: Prime Management Limited LLC

Prime Management Limited LLC

September 16, 2010 11:33 ET

Prime Management Announces New Hires

HAMILTON, BERMUDA--(Marketwire - September 16, 2010) -  Prime Management Limited, a leading hedge fund administrator, announced today that Dermot O' Sullivan, ACA and Matthew Charleson, ACA have joined the firm as Senior Account Managers. In their role as Senior Account Managers they will be responsible for overseeing the consistent delivery by their account teams of high quality service to the clients of Prime.

Mr. O'Sullivan has held senior positions in the hedge fund administration industry for over 6 years, most recently as the Chief Operating Officer of a fund administration company based in Dubai. Mr. O'Sullivan previously served as a Group Manager for Citi Bermuda where he managed an account team of 10 people. Mr. O'Sullivan began his career as an auditor with James Byrne & Co. located in Cork, Ireland where he achieved his ACA designation in 2003.

Mr. Charleson gained extensive expertise in hedge fund accounting while being a member of the investment management audit practice group at Ernst & Young in Bermuda and London. Most recently Mr. Charleson served as an Audit Manager at Ernst & Young Bermuda where he managed multiple, concurrent audit engagements of a portfolio of hedge fund clients. Mr. Charleson began his career at PricewaterhouseCoopers in London and achieved his ACA designation in 2005.

"We are delighted to welcome Dermot and Matthew to our team and are confident that their experience and expertise will be of immediate benefit to our clients," stated Joe Kelly, Director of Prime.

About Prime Management Limited
Since 1997, Prime's experienced management team (100 years combined administration experience) has specialized in providing fund accounting and administration services to hedge funds. Prime has built its administration platform on four pillars -- experienced professional staff, robust technology, sound processes and a commitment to quality service delivered with integrity. Prime is an independent administrator, which is licensed and regulated by the Bermuda Monetary Authority under the Investment Funds Act 2006. For information, visit

Contact Information

  • Contact:
    Fred T. Busk III
    Phone: (203) 987-5062
    Email: Email Contact