Conifer Group Names Peter O'Connell as CFO and Appoints Two Senior Executives in Fund Administration

Promotions from within bolster management team as firm expands.

SAN FRANCISCO, June 21, 2011 /PRNewswire/ -- The Conifer Group, LLC (Conifer), a leading provider of fund administration, middle office, trading and prime brokerage services to the hedge fund industry, named Peter O'Connell as its Chief Financial Officer. Prior to accepting this position, Peter was the President and founder of Conifer Fund Services offshore fund administration business. In addition, Conifer also named Douglas Lang as President of Conifer Fund Services and David Bateman as Director and Head of Conifer Fund Services, BVI.

This executive reorganization comes as Conifer embarks on a period of expansion designed to further meet the evolving needs of the hedge fund industry.

"Peter, Doug and David have each been instrumental in the growth of our fund administration business over the last few years as the industry has raised the bar for stronger infrastructure support," said Jack McDonald, President and CEO of The Conifer Group, LLC. "Their years of experience and expertise in the alternatives market are valuable resources for us to leverage as we further reshape our business to meet the new market paradigm."

Prior to his appointment, O'Connell led all of Conifer's Fund Services business after establishing the Group's offshore Tortola, BVI office in 2006. A qualified chartered accountant, O'Connell possesses a strong background in corporate finance, having served as a Financial Controller and Finance Director at various other companies. He will be based out of Conifer's headquarters in San Francisco.

Lang joined Conifer in 2010 as Head of US Fund Administration where he oversaw middle and back office servicing for more than 100 hedge fund clients. Prior to joining Conifer, Lang spent more than 10 years with Butterfield Fulcrum Group, where he served as a Managing Director as well as a Head of Fund Administration for its Fund Services business.

Bateman joined Conifer's BVI office in 2008 from UBS Fund Services, where he spent three years as a Fund Administration Manager for its Irish operations. With over a decade of experience in the offshore financial services industry, Bateman previously held roles at Bank of America and Deloitte & Touche's Cayman operations.

"With this new leadership team in place, Conifer is in an even stronger position as the hedge fund industry undergoes further change in light of regulation, the expanding need for transparency and growing acceptance of cloud-based, managed services," said McDonald.

About The Conifer Group, LLC
The Conifer Group, LLC is a leading provider of services to the hedge fund industry that includes global fund accounting and administration, middle office, execution services, corporate accounting, consulting services and business infrastructure. Conifer's comprehensive platform of business and operations solutions appeals to both start-up and established managers by allowing them to focus exclusively on running the investment operations of their business. Headquartered in San Francisco and with offices in New York and the British Virgin Islands, Conifer has been in business since 1989. For more information, please visit www.conifer.com.

SOURCE Conifer Group, LLC