Bermuda-based Fulcrum Group, a hedge fund administrator has appointed Jill Considine, former chairman and CEO of the Depository Trust & Clearing Corporation (DTCC) in New York, as chairman of its board of directors.

"Fulcrum is at a turning point in its evolution and is poised for further expansion in existing and new markets," said Akshaya Bhargava, Fulcrum's CEO. "Jill's leadership and extensive experience as the head of the DTCC during a pivotal time in the securities industry will serve to provide invaluable stewardship as Fulcrum focuses on its strategic initiative of building the gold standard administrative platform for the hedge fund industry."

As head of DTCC from 1999 to 2007, Ms Considine built DTCC into the world's largest post-trade infrastructures for clearing, settlement, and custody of most U.S. securities transactions.

She expanded DTCC's business activities into the OTC (Over-the-counter) derivatives market, led the launch of Omgeo (a joint venture with Thomson Financial) and positioned the company to be a global service provider.