CHICAGO (HedgeWorld.com)–Spectrum Global Fund Administration LLC has hired two new officials and shifted another executive into its sales team in response to a growing client base.
Steve Richard and Tim Osborne were hired to help manage the firm’s outsourcing group. Mr. Richard was the director of mutual fund administration for Investors Bank & Trust where he grew the mutual fund administration assets from US$10 billion to US$200 billion. Mr. Osbourn also was a director at Investors Bank & Trust and was a contributor to the development of the firm’s mutual fund administration group.
As part of the personnel changes, Gary Taylor will join Spectrum’s four-member sales team. Mr. Taylor had been a director of Spectrum’s outsourcing group and joined Spectrum in August with experience as a manager at Enron Corp. in derivative risk controls, structuring and marketing.