LaCrosse hires Mark Del Col

The hedge fund administrator hires Mark Del Col as global head of sales and marketing û a role that will include building on the firm's nascent business in Asia.
Hedge fund administrator LaCrosse Global Fund Services has named Mark Del Col as global head of sales and marketing based in New York.

Del Col used to work as a managing director at Swift where he headed relationship management and business development. Before then he was a managing principal at Capco and prior to that was a vice-president at Deutsche Bank in its global operating efficiencies and industry initiatives department.

LaCrosse is a new arrival to AsiaÆs hedge fund administration scene and recently opened an office in Singapore. At this early juncture, the firm reckons it has made some inroads into the start-up hedge fund administration business locally dominated by HSBC, Citco and Fortis, plus recent up-and-comers Matt Brown's Citi and Mascall-Robson's JPMorgan.

"Funds tell us that it is so difficult to find skilled backoffice and operational resources," says Stewart Feffer, CEO of LaCrosse. "They say that outsourcing to a platform like ours makes more sense than taking on the people and systems investments themselves.ö

That view has been corroborated by hedge funds locally, who say that they would like to hire hedge fund accountants away from administrators, but their mobility and ambition to move is often-times a problem, with the conservative accountants reluctant to move to a hedge fund from the big glamorous hedge fund administration shops.
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