Butterfield Fulcrum has announced the appointment of industry veteran T Andrew Smith as the firm's global head of business development and marketing.

Mr. Smith brings extensive experience in fund services and a strong track record of global institutional sales growth, business development, and relationship management. In his new position, he will lead the firm's global sales, business development, and marketing efforts as it expands its services to alternative asset managers and their clients.

He will be based in the company's New York office, and will oversee Butterfield Fulcrum's teams in Europe, Asia and North America.

Mr. Smith's leadership and experience in directing global sales and development will play a critical role at Butterfield Fulcrum, both given the current market climate and as the firm continues to evolve into a leader in global fund administration services.

"To maintain and grow assets, alternative asset managers will need to demonstrate that their systems, controls and governance are effective. With our full service offering and global operating model, Butterfield Fulcrum is well positioned to meet these requirements," said Mr. Smith.

Mr. Smith most recently served as a managing director and head of North America in global transaction services at Citi, overseeing a $1 billion of securities and fund services region. Before joining Citibank, Mr. Smith served as senior vice-president of plan sponsor services at The Bank of New York and spent 10 years at the State Street Corporation.