SOMERSET, N.J. (HedgeWorld.com)–Diane M. Cassidy has joined Derivatives Portfolio Management LLC, a hedge fund administrator, as managing director of client services.

Ms. Cassidy will be responsible for building the client service team and ensuring the support and service of DPM’s global client base. According to a statement from Robert M. Aaron, chairman and chief executive of DPM, the hire is part of achieving and sustaining excellence in client service as the business grows.

Before joining DPM, Ms. Cassidy was senior director at ADP Fund Administration Services, where she was responsible for fund administration sales and was involved in product development, marketing and branding.

DPM has been hiring and expanding its business in the last few months. In March, Catherine Banat, chief executive of C3 Capital, joined as executive vice president. She was charged with building a client service team and spearheading business development Previous HedgeWorld Story. DPM also recently formed a strategic alliance with a new company called S3 Asset Management Previous HedgeWorld Story.

Last year, DPM formed a strategic business alliance with Daiwa Securities Trust and Banking (Europe) to provide administrative services to the Dublin, Ireland-based DSTBE client group.

Founded in 1993, DPM has offices in the United States, Cayman Islands, the Bahamas and London. The firm provides services for US$14 billion in assets, providing back office services to fund managers, proprietary traders, institutional investors and asset allocators who invest in a wide range of asset classes and instruments traded worldwide, including of course derivatives.

SBarreto@HedgeWorld.com