London, 9th January 2021.
Mainspring, a leading provider of Fund Administration and Custody services for alternative investment managers, has today announced the appointment of Norman Watson as Director, Head of Sales. Based in Mainspring’s London office, Mr. Watson will report directly to Stephen Geddes, CEO & Founder.
Mr. Watson will be responsible for Mainspring’s ongoing revenue growth and account management functions. This newly created senior management position is a critical part of Mainspring’s strategy as the company continues to focus and expand their service offerings within the PE, VC, RE and custody sectors.
Stephen Geddes highlights the importance of the new hire: “Mainspring is going through a period of rapid and sustained growth: our product and service offerings are expanding and we have recently experienced a substantial number of new client wins with funds not only domiciled in the UK but also in Guernsey, Jersey, Luxembourg and Cayman Islands. Bringing Norman on board underlines our commitment to maintaining our market momentum/growth as well as strong focus on our existing clients to ensure we continue to deliver a market leading service.”
Mr. Watson has over 20 years’ experience in the institutional investment industry in both sales and account management with a track record of building lasting client relationships and repeated success in selling into the financial services sector. He has held senior sales and account management positions in both UK and US. Prior to joining Mainspring Norman headed up the EMEA Account Management operation of Backstop Solutions Group, a global provider of software productivity tools for the alternative investment market.
“I am delighted to be joining Mainspring at such an exciting time. I welcome the opportunity and challenges that lie ahead in building upon the company’s current successes with a view to taking the business to the next level. We are uniquely placed to provide Private Equity, Venture Capital, Real Estate firms with Limited Partnership based funds, and those needing custody and nominee operations a premier and personal service with the confidence that they are being looked after by an administrator with an ethos of providing a dependable, professional, personalised and cost-effective service using industry-leading systems and a highly secure, resilient technology platform.”
Over the last year Mainspring has witnessed impressive client growth rates of 35% now providing services to over 70 clients and hundreds of funds. They have also expanded their jurisdiction and now cover Guernsey, Jersey, Luxembourg and Cayman domiciled funds.
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