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Thursday, September 20, 2007

ALPS Fund Services Hires CFO

News summary by MFWire's editors

ALPS Fund Services has appointed John Donaldson as chief financial officer. Before joining ALPS, Donaldson was executive vice president and CFO at Denver-based Northstar Exchange Corporation.

ALPS Fund Services, Inc., a leading provider of outsourced and advisory solutions to the investment management industry, announced the appointment of John Donaldson as Chief Financial Officer.

Mr. Donaldson brings more than 15 years of financial management and investment banking experience to ALPS. Prior to joining ALPS, he served as Executive Vice President and Chief Financial Officer at Denver-based Northstar Exchange Corporation, leading the company through a corporate restructuring and a complex merger resulting in the creation of a leading national service platform. He also built and managed the company’s finance and accounting departments for the transaction intensive enterprise.

Mr. Donaldson also served as Managing Principal at Bison Partners, LLC, a financial advisory firm which he founded to serve small to middle-market companies. He also held senior-level positions at Tucker Anthony Sutro Capital Markets in Denver and A.G. Edwards & Sons, Inc. in St. Louis.

“John’s experience will be a great benefit to ALPS, and I expect he’ll have a significant impact on the growth and financial success of the company,” said Ned Burke, President of ALPS. “I look forward to working closely with him to reach the goals we have set for the company and our clients.”

Mr. Donaldson will be responsible for hands-on financial planning at ALPS, including financial management, financial policy development and implementation, short- and long-term forecasting, strategic planning and financing acquisitions.

“The ALPS team has developed a very high quality service platform, and I’m excited about the firm’s opportunities for growth in new and traditional markets,” Mr. Donaldson said.

Mr. Donaldson holds an MBA from The University of Chicago Graduate School of Business and a BA from Bucknell University.

About ALPS Fund Services, Inc.™

ALPS Fund Services, Inc. ™ is a Denver-based outsourcing solution for administration, compliance, fund accounting, legal, marketing, tax administration, transfer agency and shareholder services for open-end, closed-end, hedge and exchange-traded funds. ALPS has approximately $18 billion in client mutual fund assets under administration. ALPS Distributors, Inc. provides distribution services to over $160 billion in client assets.

For more information, visit www.alpsinc.com.

ALPS is a registered trademark or trademark of ALPS Fund Services, Inc.™ in the United States and other countries. All other brand names, product names or trademarks belong to their respective holders. 

Edited by: Erin Kello

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