The group has named a new commercial officer to push growth into new market areas for UK and Ireland business.
Ireland's busy market is back in IQ-EQ’s sights as the funds
administrator appoints a new chief commercial officer to run its
UK and Ireland business.
In further rounds of senior hiring, Edwin Chan has been named in the role at the same time as the firm says it is moving into “a new high-growth era.” Chan will join the leadership board and report directly to John Legrand, regional CEO for the UK, Ireland and the Crown Dependencies.
He has spent two decades overseeing funds services launches for international banks in London, Bermuda and Hong Kong. He will be expected to lead business development into new alternative expansion areas and underserved markets, the group said.
“The fact that [Chan] lived and worked in so many corners of the
world is a big plus,” Legrand said. London’s position as global
financial hub means that his remit as CCO will be international
in scope, the firm added.
IQ-EQ gained authorisation to administer funds in Ireland in March this year. The firm, which has a large funds team based in Belfast, has previously said that Ireland was pivotal in becoming "geographically agnostic" for providing services. Ireland is already popular with US fund managers using the Irish Connective Asset Management Vehicle, or ICAV, as part of US tax planning for clients.