CINCINNATI, OHIO – April 7, 2020 – Ultimus Fund Solutions® (Ultimus®), a leading independent provider of fund administration, accounting, and investor solutions to traditional and alternative fund managers, is pleased to announce the addition of Edward (Ned) Siegel as Senior Vice President of Business Development within Ultimus LeverPoint. This hire reinforces the focus on Ultimus’ alternative fund administration services, complementing its acquisition of LeverPoint Management last year which expanded the company’s footprint in that space.
In his role at Ultimus LeverPoint, Siegel will be part of a team responsible for driving new business growth of the firm’s private fund administration services. He joins Ultimus with extensive institutional experience and professional accomplishments, previously working at two large private fund administrators with a focus on private equity, credit/debt, hybrid, hedge and real estate administration services.
“We’re excited to have Ned join our team, helping us continue to build our brand and presence in the private fund space as one of the leading, independent administrators,” said Gary Harris, EVP Head of Sales for Ultimus. “Ned’s extensive experience and relationships will further help us to execute on our market strategy for this important segment of our business, and win new and larger mandates.”
David MacPhee, Chief Executive Officer of Ultimus LeverPoint, had this to say about Ultimus and Siegel, “Since joining forces with Ultimus, we’ve been able to scale our business with further investments in technology, service capabilities and resources. The addition of Ned to the team will help propel our growth and we’re glad to have someone with his tremendous product knowledge and industry connections on board.” He also stated, “With Ultimus’ support and Ned’s capabilities, we’ll continue to provide the differentiated high-quality service that we’re known for while we grow the business.”
Prior to joining Ultimus, Siegel’s most recent role with The Bank of New York Mellon was Director of Business Development within the alternative investment services group. Before BNYM, Siegel acted in several capacities at State Street Corporation in Boston, including serving as the Head of North American Sales for the alternative investment solutions segment, focused in private equity and real estate administration services. Siegal earned his bachelor’s degree from McGill University and an MBA from Boston University. He will be working out of the Ultimus LeverPoint Boston office.