Alter Domus has appointed Therese Wijnen as country executive for the Netherlands, Frederic Berthier for France, and Mark Gebauer for Germany.
Winjen, who takes responsibility for Alter Domus’ Dutch activities, joins from TMF Group, where she worked for 20 years. She joined in 1999 as global managing director of structured finance services, developing the business from scratch and growing it into a global corporate service provider for SPVs. Winjen later became senior legal counsel, then ultimately global head of directorship services.
Berthier, who will be responsible for the fund administrator’s French activities, joins from London-based credit manager Chorus Capital, where he was CFO, COO and compliance officer. Prior to this, he was managing partner at Fairsky Consulting, a boutique advisory firm working with fund managers and investors. Berthier has also been CFO and COO of ESO Capital; European operations managers at Carval Investors / Cargill Value Investment; and a financial controller at Lehman Brothers.
Gebauer, who will look after the firm’s German activities, joins from EY, where he was an associate partner focused on real estate tax in Dusseldorf. He began his career as a lawyer in the tax department of Arthur Anderson.
Alter Domus has $642bn of assets under administration, putting it in a similar size bracket to peers Apex Group ($549.35bn AUA) and SEI ($585.4bn AUA). For comparison, State Street reported AUA of $2,103.16bn earlier this year.
Luxembourg-headquartered Alter Domus was acquired by Permira in 2017, and has since bolted-on Carta Fund Services in the US and Cortland.
However, the fund administrator’s acquisition of Luxembourg Fund Partners (LFP) in March 2018 has resulted in Alter Domus being sued for damages relating to losses. The purchase of LFP was driven through its strategy to expand its offering to include third-party AIFM services. As well as having AIFM authorisations, LFP was also authorised to provider UCITS services. Following the deal, the entity was re-named Alter Domus Management Company.
However, super ManCo LFP acted as an umbrella for Columna Commodities fund, which collapsed in early 2017. While the losses were incurred prior to the purchase, the representative of the investors who lost money, David Mapley, has brought legal action against Alter Domus, as he believes the firm must take some responsibility.