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Announcements

Maples Group Adds Two Independent Director Hires to Fiduciary Services Business

10 Apr 2019

The Maples Group, a leading service provider offering clients a comprehensive range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has continued its recent wave of expansion with the appointment of two highly experienced professionals to its global team.

The intense focus on corporate governance by both institutional investors and regulators has resulted in significant demand for greater independent oversight in the investment fund sector. Recognised as the industry’s preeminent specialist provider of independent directors, the Maples Group’s fiduciary services business has made a series of strategic hires to enhance its offering in this area. Benoit (Ben) Sansoucy and Colin Nestor will both serve as independent directors, based in the Cayman Islands, providing specialist fiduciary services to a broad range of alternative investment vehicles and bringing deep industry expertise to the Maples Group team.

With over 15 years’ experience in the alternative investment industry, including positions with a number of major institutional investors in Canada, Mr. Sansoucy is an authority on matters of operational due diligence, enterprise risk management and compliance. Among these roles, he was responsible for the implementation and execution of the University of Toronto Asset Management’s operational due diligence program, with oversight of all external managers and service providers. Mr. Sansoucy also has a strong background in fund administration, having previously headed the internal control function at Fortis Prime Fund Solutions in the Cayman Islands. In addition, he is a Chartered Professional Accountant, Chartered Accountant and a member of the Chartered Professional Accountants of Ontario.

Mr. Nestor joins the team from MPMF Fund Management (Ireland) Limited, a Central Bank of Ireland authorised Alternative Investment Fund Manager (AIFM) and UCITS Management Company that is part of the wider Maples Group. He has broad portfolio and investment management experience alongside high-level expertise with EU regulation. Previously, Mr. Nestor worked as a fund consultant for an investment management firm managing various funds including derivative and real estate strategies and he was formerly part of the JP Morgan administration team in Dublin. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

"With investors requiring more robust oversight and legal and regulatory obligations becoming increasingly complex, there is significant demand for independent directors that can provide tailored governance support that assists the funds that we serve best meet their objectives," said Peter Huber, Global Head of Fiduciary Services. "Both Ben and Colin bring deep technical expertise that is highly relevant to the challenges faced by boards in the current climate and we are delighted to add them to our growing team."

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