Ultimus Fund Solutions, LLC (“Ultimus”) is pleased to announce the launch of its New York office, which expands its fund administration capabilities to servicing closed-end funds, including business development companies and non-registered funds. Industry veteran Frank J. Maresca has been named Ultimus’ Executive Vice President and will head the firm’s operation in New York.
“We are delighted to have someone with Frank’s level of talent and experience joining Ultimus to further expand the numerous services and benefits we can now offer our clients and to others in the financial services community,” said Bob Dorsey, President of Ultimus.
Mr. Maresca brings over 29 years of mutual fund, prime brokerage, securities lending and custody experience to Ultimus. Most recently, he served as President and CEO of Bear Stearns Funds Management Inc., where he oversaw the servicing of more than $10 billion in mutual fund, closed-end fund and non-registered fund assets. He also spent 17 years as a senior level executive for various Bear Stearns related divisions, including Senior Managing Director of Bear, Stearns & Co. Inc. and Treasurer and Principal Financial Officer of Bear Stearns’ exchange traded fund and mutual fund complexes.
“Frank and our new team members in New York bring a wealth of experience not only in open-end and closed-end mutual funds, but also in dealing with complex securities, business development companies, multiple class structures and complex tax matters,” said Mr. Dorsey.
About Ultimus Fund Solutions, LLC
Ultimus Fund Solutions, LLC has been offering full-service fund administration, fund accounting and transfer agency services to U.S. registered investment companies, including mutual funds and closed-end funds for nearly a decade. Such services are particularly appealing to investment managers who want to focus on their core business of managing their clients’ assets while relying on their outsourcing administration partner to provide high quality, timely and responsive accounting, regulatory reporting and investor reporting. Ultimus is known for providing very personal and comprehensive mutual fund services to small-and medium-sized fund groups. The firm’s approach is unique in today’s marketplace as a result of limiting the number of clients it will service. This approach allows Ultimus to deliver highly individualized and unsurpassed service.
Additional information about Ultimus Fund Solutions, LLC can be found at www.ultimusfundsolutions.com.
Contacts:
Robert G. Dorsey, 513-587-3401
bdorsey@ultimusfundsolutions.com
or
Frank
J. Maresca, 212-652-6155
fmaresca@ultimusfundsolutions.com