Isis hires Weaver as SVP of operations
Isis Fund Services Ltd (ISIS) announced Marc Weaver has as joined the firm as senior vice-president of operations.
Mr Weaver will be responsible for managing the operations of the company including portfolio and fund accounting as well as investor services.
With over 12 years experience in the area of fund administration, Mr Weaver joined ISIS Fund Services from Citi Hedge Fund Services (Citi), where he was a vice-president managing a business unit that provided administration for up to 65 hedge funds with combined net assets totaling $12.5 billion.
Marc brings a wealth of experience and expertise to our organisation and we are very excited to have him on board, said Brian Desmond, COO of ISIS.
The Bermuda-based company has also launched its new website (www.isisfunds.bm) and web reporting platform, ISIS Connect. According to ISIS, the new website is a real-time web portal fully integrated with their accounting and portfolio system that allows clients and their investors online access to a range of accounting and investor services reports. Investors can now access their holdings, transactions and contract notes, and see all historical information pertaining to their account.
Investors who have the appropriate authorisation are able to view transparency reporting including fund portfolio positions, breakdown of pricing levels of securities, counterparty exposures and financial statements on a time-lag basis.
We have been working with our vendor Pacific Fund Systems on providing our clients and their investors with access to a robust web reporting platform and are extremely pleased with the end result, said Mr Desmond.
Having the ability to offer our clients and their investors real-time or time-lagged online portfolio, valuation and financial reporting is critical to working with our clients during a time of great regulatory change and increased reporting and transparency demands from investors, added Kristin Steele, head of business development.
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