Fund administrator IQ-EQ has appointed Edwin Chan as its chief commercial officer for UK and Ireland from rival Intertrust Group.
Chan boats two decades of experience from the likes of Wells Fargo, Northern Trust and SS&C working in London, Bermuda and Hong Kong.
His expertise lies in sales and helping launch and grow fund services businesses.
He joins from Intertrust Group where he was head of funds business development, UK for two years.
“To say Chan is an expert in business development is an understatement,” said John Legrand, regional CEO, United Kingdom, Ireland and the Crown Dependencies, IQ-EQ. “He is one of those unique professionals who has moved with the times in terms of his approach to growth and securing new clients, involving himself in the day-to-day of the sales team as much as in the brand-building side of things.
“I’m confident that his initiative and entrepreneurial spirit will be an incredible asset to us and support us through this period of positive growth and change.”
The hire comes just six months after IQ-EQ announced plans to launch a dedicated funds business in Ireland as the country becomes an increasingly popular European fund domicile.
Ireland has benefited as a fund centre from Britain leaving the EU last year, while the recent changes to the Irish Investment Limited Partnership (ILP) legislation are set to appeal to more private capital funds.
IQ-EQ has been actively growing its presence through acquisitions in recent years, with the latest move coming in Ireland through the addition of financial services business Davy Global Fund Management (DGFM).