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Ultimus CEO Gary Tenkman Elected to ICI Board of Governors

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CINCINNATI, May perhaps 19, 2021 (World NEWSWIRE) — Ultimus Fund Solutions® (Ultimus®) introduced now that Gary Tenkman, CEO of Ultimus, has been elected to provide on the Board of Governors of the Financial investment Company Institute (ICI) to comprehensive the a few calendar year phrase of Ultimus Co-Founder Bob Dorsey, who retired at the conclude of March. ICI represents regulated money globally, like mutual funds and ETFs, and the Board of Governors is accountable for location ICI policies and overseeing activities to characterize cash and their shareholders.

Tenkman commented, “I am honored to be elected to the ICI Board of Governors. It will be a enjoyment and privilege to contribute to the Board’s initiatives and support to promote the interests of shareholders, expenditure advisers, trustees, and the field as a entire. At Ultimus, we have a exclusive standpoint on the business provided that we provider large institutional asset supervisors alongside with entrepreneurial advisers bringing new solutions to sector with unique perception on what those people administrators are thinking of during what continues to be a speedily evolving atmosphere. I seem forward to doing the job with other market leaders on substantial difficulties facing registered expense autos as this enterprise grows and evolves.”

Tenkman has been at the helm of Ultimus as CEO considering the fact that 2018. He beforehand served as President and COO since signing up for Ultimus in 2014. Underneath Tenkman’s leadership, the agency has experienced great expansion as a result of new consumer mandates, mergers and acquisitions, all while keeping industry-main customer satisfaction ratings. Presently, the firm expert services about $350 billion in AUA, providing fund administration for a wide assortment of fund buildings these kinds of as actively managed cash, ETFs, tender present, closed end and interval resources, and products and services for a extensive array of personal asset fund buildings. Tenkman has extra than 30 years of expertise in the economic companies business, like in numerous leadership positions at Citi in their trader expert services company.

Ultimus is lively in just the ICI organization, with workers serving on several of its committees and advisory panels. Ultimus is also the main provider of collection believe in alternatives that represent 100+ fund family members with more than 240 resources of which people trusts are also ICI members. In complete, Ultimus now services about 1300 registered and non-public funds.

About UltimusUltimus Fund Options (Ultimus) is a foremost tech-enabled service provider of whole-assistance fund administration, accounting, and trader answers to assist the launching and servicing of registered money, personal resources, and public programs. The business also provides custom-made structures made for the distinctive requires of pensions, endowments, foundations, and other massive institutions. Ultimus has a deep motivation to excellence, attained by investments in greatest-in-class engineering, group-wide cyber safety attempts, and choosing professional workers.

Headquartered in Cincinnati, Ohio with servicing teams in other significant metropolitan areas this sort of as Chicago, New York and Denver, Ultimus employs much more than 700 seasoned accountants, lawyers, paralegals, software developers, fund directors, compliance specialists, and lots of other individuals with a long time of experience in the economic expert services business. Servicing about 1,300 total standard and alternate cash, Ultimus helps expenditure professionals and fund family members flourish in today’s significantly advanced and dynamic financial investment landscape. For more information, visit www.ultimusfundsolutions.com.

About ICIThe Investment Enterprise Institute (ICI) is the top affiliation representing controlled resources globally, like mutual money, trade-traded cash (ETFs), closed-stop money, and unit financial investment trusts (UITs) in the United States, and similar money presented to buyers in jurisdictions around the world. ICI seeks to really encourage adherence to large ethical expectations, advertise community knowing, and otherwise advance the pursuits of resources, their shareholders, administrators, and advisers. ICI’s members control overall property of US$26.1 trillion in the US, serving much more than 100 million shareholders, and US $8.2 trillion in assets in other jurisdictions. ICI carries out its international operate through ICI World wide, with offices in London, Hong Kong, and Washington, DC. To discover far more, visit www.ici.org.

12850688 5/18/2021

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Supply: Ultimus Fund Alternatives

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