SOURCE: Prime Management Limited LLC

Prime Management Limited LLC

July 08, 2010 15:23 ET

Prime Management Establishes New York Business Development Relationship

HAMILTON, BERMUDA--(Marketwire - July 8, 2010) -  Prime Management Limited, a leading provider of fund administration services to the alternative investment industry, today announced the engagement of Fred Busk of Netherby Advisors to coordinate the business development and client service activities of Prime within the US and Europe. In this role, Fred will have responsibility for deepening the firm's relationships with current clients, intermediaries and major industry groups.

"We expect that Fred's expertise in the areas of operations, global fund structuring, and governance will make him a key resource for our clients and of direct benefit to their businesses in a period of change within the industry. Having a resource located in the New York area will certainly be beneficial to our clients and further illustrates our commitment to providing high quality service." -- Stated by Joe Kelly, founder and director of Prime

"I am very excited to work with the team at Prime Management. Prime's focus on high-quality fund administration and excellent client service has long distinguished the firm. The quality of Prime's staff and the firm's established ability to handle complex products and strategies position the firm well to meet the rapidly evolving requirements of the industry." -- Stated by Fred Busk

Fred established Netherby Advisors in 1997. Fred was previously Managing Director and Chief Marketing Officer for WP Stewart and spent 12 years with the Bank of Bermuda Group in various capacities including serving as CEO and Chairman of the Bank's New York based Trust Company, which provided fund administration to domestic and offshore funds. Fred was Global Head of Strategic Planning and Corporate Development at the time of the Group's acquisition by HSBC in 2004.

About Prime Management Limited
Since 1997, Prime's experienced management team (100 years combined administration experience) has specialized in providing 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 www.primebermuda.com.

About Netherby Advisors LLC
Netherby Advisors provides innovative operational solutions and strategic expertise to the asset management industry. For information, visit www.netherby.com.

Contact Information

  • Contacts:

    Prime Management Limited
    Joe Kelly
    Phone: (441) 295-0329
    Email: Email Contact

    Netherby Advisors LLC
    Aurora Appel
    Phone: (203) 227-1801
    Email: Email Contact