Corporate services provider Elian has opened an office in New York to support the company’s administration services to private equity, real estate and hedge fund managers.
The office will be led by managing director John Wallace, who has more than 25 years’ international financial markets experience. Mr. Wallace has held a number of senior positions in New York, London and Tokyo with Deutsche Bank and Bankers Trust. More recently he was a founding member of Guardian Director Services, providing independent directors to boards of alternative funds, and has also provided independent consultancy advice to the alternative investment industry.
In his new role, Mr. Wallace will be responsible for developing a network of clients and intermediaries in the Americas.
“Elian is a major player in the structured finance and alternatives fund space, as such having a strong and permanent presence in the world’s largest financial market is critical,” Mr. Wallace said in a press release. “I am joining Elian at a very exciting stage and look forward to using the significant experience I have gained in financial services to increase our profile and drive growth in the key Americas markets.”
Elian was established in September 2014 following a management buyout of the business from Ogier, the offshore legal and administration group. Elian specializes in the establishment and ongoing administration of companies, funds and trusts for multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers.
Elian CEO Paul Willing said the opening of the New York office is part of Elian’s strategic plan to become a global provider of outsourced administration services to corporate, fund and private wealth clients.
“New York is a key location for our international clients and their advisers,” he said.