For immediate release
London - February 10, 2010

Butterfield Fulcrum, a leading, independent administrator for the alternative investment industry, today announced the appointment of Mark Boyes as Director of Business Development.  He is based in London and reports to Joost Lobler, Butterfield Fulcrum’s Head of Business Development for EMEA & APAC.  Mark will be responsible for identifying and developing strategic partnerships to help strengthen and expand Butterfield Fulcrum’s client base throughout Europe and its surrounding emerging markets.

Akshaya Bhargava, CEO of Butterfield Fulcrum said: “Mark is well-suited to help further leverage our tremendous growth in the EMEA region.  He brings more than 15 years experience in the offshore financial services industry and fully understands the fund administration needs of alternative investment firms in a rapidly changing global marketplace.”

Mark joins Butterfield Fulcrum from Carey Group Service UK Ltd where he served as business development director.  Prior to that, he spent nearly 11 years in various commercial roles in the Isle of Man and London with Fortis Prime Fund Solutions.  Mark also worked as an administrator at Isle of Man-based Global Asset Management.

About Butterfield Fulcrum
Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has 20 years experience servicing the alternative investment industry.  It provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds.  The company has a unique Global Operations Model leveraging time zones and talent to deliver transparent and highly customized solutions in real time via BFonline, a client access Web portal.  Headquartered in Bermuda, the company services more than 700 funds and has 10 offices in eight countries.  For more information, please visit www.bfgl.com.

Media Contact:
Henrietta Hirst / Meglena Petkova
Par Excellence PR
Phone: +44 (0)20 7395 6803
Mobile: +44 7880 742 375
Email: Henrietta@parexpr.com  
          Meglena@parexpr.com

Jim Gorman
Kwittken & Company
Phone: +1 646-747-7166
Mobile: +1 732-865-2815
Email: jgorman@kwitco.com