Maples Fund Services has expanded its US operations with the hire of Megan Corcoran as director of Business Development, Americas. Based in New York, she will focus on expanding opportunities for continued growth of the fund services business in North America and South America.
Corcoran 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.
She 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. The addition is in response to expanding market share in North America, where assets under administration have increased by more than 30% over the past year.
Megans 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.
Prior to that, Corcoran 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.
(JDC)