Phoenix American Financial Services has hired Tony Olivo as vice president of sales, who joins from PEF Services.
Olivo will be responsible for implementing the company's sales strategy as well as working towards developing and maintaining an expanded client base.
This includes a client base for the fund accounting, investor services, back office outsourcing and technology solutions that Phoenix provides to alternative investment funds.
Olivo, who has 14 years of industry experience, began his financial services career at Phoenix in 2006 as an investor services representative.
Olivo served in operations with the company for four years working on back-office operations for alternative investment funds and Phoenix's proprietary STAR-XMS fund administration system.
After becoming senior account manager, Olivo transitioned to director of business development in 2010 and served in that role for seven years.
Since 2017, Olivo has worked with PEF Services as director of business development.
Olivo has now returned to Phoenix to direct his sales expertise to the promotion of Phoenix American's fund services platform.
The platform incorporates transfer agent and investor services, administration, fund accounting, tax reporting, investor web portal and end-to-end back office outsourcing solutions.
"Phoenix American has been an established leader in the direct investment industry for decades. I'm excited to be part of the growth the firm is poised to experience in the coming years," Olivo said.
Andrew Constantin, senior vice president, operations for Phoenix, commented: "We are delighted to have Tony Olivo back at Phoenix. He has comprehensive knowledge of our operational processes and no one can better describe and demonstrate to our prospective clients the unmatched capabilities of STAR-XMS."
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