People Moves

IQ-EQ Names New Global Transformation Head

Shirin Aguiar, Reporter, 3 February 2022

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The senior appointment is the latest in a series of senior hires for the company as it negotiates a "complex business landscape."

Luxembourg-based investor services group IQ-EQ has appointed Frédérik Benoit (pictured) as its new global head of transformation to drive the firm’s business improvement initiatives globally.

Benoit's appointment is in line with the group’s commitment to setting strategic goals in a “complex business landscape,” it said in a statement. He will be based in Luxembourg and will work with Joanna Macleod, IQ-EQ’s group chief operating officer, to ensure IQ-EQ’s effective and efficient operation.
 
Benoit has 32 years of operations and technology securities services experience, spanning senior leadership roles in Luxembourg, Ireland and Malaysia. His experience includes cross-border programmes aimed at achieving technology, regulatory and operational transformation, including client onboarding, insourcing, offshoring and migrations in almost all banking and funds arenas including FA, TA, AM, compliance, custody – UCITS and PERE.
 
Prior to joining IQ-EQ, he was managing director, global head of fiduciary and fund services operations, financial markets, for a British multinational banking and financial services company, with responsibility for its overall operational footprint including hub operations in India, Malaysia and China.
 
“Frédérik is the latest in a number of new senior hires who have joined the business recently, demonstrating our investment in company talent as we grow our business and commitment to ensure IQ-EQ remains a global player in technology, regulation and client service,” Joanna Macleod, group chief operating officer, said.

“I look forward to helping us achieve our transformational journey. The combination of IQ-EQ’s exciting transformational agenda together with my international experience will, I’m sure, bring this new role to life,” Frédérik Benoit, global head of transformation, said.

The group provides compliance, administration, asset and advisory services to fund managers, multinational companies, family offices and private clients worldwide. It employs 3,600 staff in 24 jurisdictions and has assets under administration exceeding $500 billion. IQ-EQ works with 15 of the top 20 global private equity firms, the firm said in a statement.

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