Horseshoe Group has announced two senior hires to strengthen its insurance-linked securities fund administration offering in Bermuda.

Keenan Press has been appointed as senior vice-president, head of investor services and Gordon Paterson as group manager, fund accounting respectively.

Both new recruits will be based in Horseshoe’s Hamilton office and will play key roles in the firm’s fund administration business.

Mr Press has more than 15 years of investor services and compliance experience within the hedge fund industry and was most recently a senior manager and compliance officer at Continental Management Ltd focusing on trust and corporate services clients.

Before Continental, Mr Press spent several years at Opus Fund Services as director of client services and implementation. He has also held senior roles at Dundee Leeds and BNY Mellon.

Mr Paterson has more than 20 years of experience in the financial services industry including 13 years in the fund administration space.

Before joining Horseshoe, Mr Paterson was head of operations for Equinoxe AIS (Bermuda) Ltd, where he managed the fund accounting and investor services operations for both traditional hedge and ILS funds.

Before Equinoxe, he worked at Citi Hedge Fund Services Ltd as assistant vice-president within the fund accounting department.

Andre Perez, chief executive officer of Horseshoe, said: “We are extremely excited to have Keenan and Gordon join our team. Their extensive expertise and broad industry knowledge will enhance our level of client service and help further develop our many capabilities in the fund administration space.”

Mr Press said: “This is an exciting time to join this growing company and to become a contributor to the growth and continued success of Horseshoe.”

Mr Paterson said: “Horseshoe’s comprehensive services coupled with its technology and reporting capabilities make for a very attractive offering in the alternative fund markets.”