Portcullis Asset Management has appointed David Barry to the board and as its new chief executive officer, alongside the firm’s launch as a Malta-based alternative investment fund manager (AIFM).
Barry joins Portcullis from TMF Custom House Group where he was head of sales and business development and part of the executive committee. He has over fifteen years experience across the EU and US funds industry and is a fellow of the Association of Chartered and Certified Accountants.
Portcullis has also announced that it is launching as a Malta based AIFM to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD).
As a regulated AIFM licensed by the Malta Financial Services Authority (MFSA), the firm will assume responsibility for all AIFMD management functions on behalf of its clients.
Funds managed through Portcullis’s AIFM services will gain access to the firm’s AIFMD marketing passport to market shares to professional investors, with centralised reporting to the MFSA instead of to each EU member state regulator. Sub-investment managers using Portcullis’s services will also gain more flexibility in setting their own remuneration policies.
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