Ipes, a fund administration and outsourcing services provider, has named Chris Merry as new CEO, replacing Kevin Brennan.
In his new role, Merry will support the firm’s continued growth including acquisitions in key European jurisdictions.
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Additionally, Merry will estimate industry-leading service levels, while also seeking to support its clients with new and complementary services in the wake of increasing regulation.
Merry with 20 years of experience has joined Ipes from RSM Tenon, where he served as CEO. He also held leadership roles at financial and professional services businesses, including PricewaterhouseCoopers, Clifford Chance and Whitehead Mann.
Geraldine Kennell, partner of Silverfleet Capital and a member of Ipes’ board, said: "The outlook for outsourcing of private equity administration remains positive as funds continue to manage increasing regulatory and investor demands that are costly to provide in-house."
Chris Merry said: "The Company has been innovative in developing new outsourcing services for the private equity sector in a fast changing landscape, driven by regulation. One of my first priorities will be to meet our clients and I look forward to steering the business into its next phase of growth."
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By GlobalDataIpes founded in 1998 employs more than 160 staff across four European offices in Guernsey, Jersey, London and Luxembourg. Ipes was acquired by Silverfleet in August last year in a £50m secondary buyout.
