State Street Jersey has appointed Michael Newton to a new position of managing director of its Jersey office.
An experienced fund administration specialist, Michael will join State Street from EQT Funds Management Ltd in Guernsey where he has been managing director since 2009. At EQT, he was a director of both offshore and onshore funds, with a combined value of approximately 20 billion euros of assets. In a 20 year finance industry career, he has also worked previously at Mourant International Finance Administration.
Commenting on the appointment, Phil McGowan, Head of EMEA private equity and real estate Fund Services, said:
‘Michael’s extensive experience in the fund administration field, makes him a strong new addition to the team and with the skills to lead the fund administration operation at a time of significant business growth.’