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Wednesday, May 27, 2009|
A Bear Stearns Vet Leads a Fund Servicer to NYC
The former CEO of Bear Stearns' fund business has landed. Ultimus Fund Solutions disclosed Wednesday that they have launched a New York office led by former Bear Stearns Fund Management CEO and President Frank J. Maresca.
The Cincinnati based fund services firm will now be able to provide fund organization, administration, accounting and transfer agency services to closed-end funds in addition to the open-end funds it has traditionally serviced.
Maresca will assume the role of Executive Vice President and will oversee the firm's New York operations.
Bob Dorsey, president of Ultimus, noted that “Frank [Maresca] and our new team members in New York bring a wealth of experience not only in open-end and closed-end mutual funds, but also in dealing with complex securities, business development companies, multiple class structures and complex tax matters.”
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