ALPS Fund Services opened an operational office in Toronto.
The newly formed Toronto office will provide investor services to ALPS' offshore business. In addition to the newly launched offshore operation, ALPS recently added another resource to their New York team, hiring Mariana Salamanca as a sales and marketing executive.
She will report to Jason Cholewa, who heads up East Coast business development for ALPS' alternative investment group, and will focus on further developing the firm's hedge fund business in New York.
"The growth and expansion of our hedge fund administration business continues," said Jeremy May, president of ALPS Fund Services. "As part of the DST family, we can leverage their global footprint and resources to further enhance services to our clients."
"The growth of our East Coast sales team combined with the opening of our first international office is in direct response to the needs of our expanding client base," said Mike Procter, senior vice president and director of business development.
"We will continue to explore other opportunities both on and offshore in order to provide additional value to our clients."
ALPS Fund Services is a wholly-owned subsidiary of DST Systems, Inc. and a provider of administration services to the alternative asset management industry.
