A fund-in-a-box shop that recently crossed a big milestone is rolling out a new team to support its fundster allies.
"We did launch, late this year, a global relationship management function within Gemini, a team dedicated to working with our clients on a regular basis," Alma Piscitello
, executive vice president of Hauppauge, New York-based Gemini Fund Services
and Northern Lights Distributors
, tells MFWire
. "Clients will have a day-to-day point of contact that they can speak to outside of the various asset servicing units [Gemini Fund Services, Gemini Alternative Funds, and Gemini Hedge Fund Services]."
"We started phasing in that new relationship management function in the past two months," Piscitello adds, noting that Gemini now has more than 160 investment manager clients.
The relationship management team has a total of seven people and will be "slowly rolling in over the next two quarters."
New hires at Gemini include: Judith Peterson
, senior vice president of marketing, and Rachel Coronel
, vice president and relationship manager. Peterson, an alumna of both the University of Michigan and Columbia, previously held a marketing position at Broadridge. Coronel, another Columbia alumna, most recently held a national accounts job at Sentinel Investments. (National Life recently sold
Sentinel to Touchstone.)
The relationship management team creation comes near the end of what Piscitello describes as a big year for Gemini. They helped launch more than 22 open-end mutual funds in Q3 2017, a record for Gemini. They recently crossed $50 billion in assets under administration. And their ETF business is growing faster, too, with 17 launches year-to-date.
"We have launched more ETFs in 2017 than any other year we've been in business," Piscitello says. "Folks who have decided not to enter into the mutual fund space are really considering ETFs to streamline their businesses."
"We've had a really good year," Piscitello adds.
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