Ultimus Fund Solutions, a provider of mutual fund services to the financial industry, has appointed Gary Tenkman as its new president.
Tenkman will report to the firm’s co-founders Bob Dorsey and Mark Seger. Seger, formerly the president, will now jointly serve as the firm’s CEO with Dorsey.
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Tenkman joined the firm in 2014 and most recently was its COO. The firm’s assets under administration grew to over $60bn during his tenure at the firm.
Overall, he has an experience of more than 25 years in the financial services sector.
“Gary has been a great addition to our executive management team since he joined the firm and I am pleased to have him in this new role. I appreciate the vision that Gary has brought to the company thus far and look forward to pursuing our continued growth,” Dorsey noted.
“As we have grown, Bob and I wanted to make sure we kept an emphasis on our client centric model. Putting Gary in this position absolutely reinforces that. It also allows both Bob and I to devote more time to long-term strategic initiatives,” Seger said.
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