SAN RAFAEL, Calif., Sept. 22, 2017 /PRNewswire/ -- The Company announced today Justin Deitrick was hired as Senior Vice President, Fund Accounting. Mr. Deitrick will be responsible for leading the Company's fund accounting team and developing and maintaining an expanded client base for this division which provides accounting, reporting and tax document production services to alternative investment funds. Joe Horgan, who formally led this division states:
"With the phenomenal amount of growth we have experienced in the aircraft securitization division in the last few years, Justin's hire could not come at a better time as it will allow me to focus 100% of my time to the Aircraft group. Justin's background and experience is the ideal fit and we are truly fortunate to have him on board to lead and grow the fund accounting team."
Mr. Deitrick brings over fourteen years of experience in the financial services industry. He served at Kaufman Rossin Fund Services for ten years until it was acquired in February 2016 by ALPS, a DST company, where he most recently served as Assistant Vice President, Fund Administration.
At ALPS, Mr. Deitrick headed the San Francisco office where he was responsible for managing the professional staff and acting as a resource to clients. He provided financial statements and other reporting deliverables for hedge funds, funds of funds, CTAs, and CPO clients. He also managed hedge fund accounting operations and assisted with the development and implementation of departmental policies, procedures, and controls.
With the growing sophistication of alternative investment funds and the need for advanced and integrated operational solutions, Justin Deitrick brings considerable value to Phoenix' fund services platform which incorporates transfer agent, investor services, fund accounting, tax reporting, investor web portal and end-to-end back office outsourcing solutions.
His experience with a variety of fund types and investment strategies including derivatives, distressed debt, multi-currency, fixed income and long/short equity enhances the depth and breadth of the company's offering to alternative funds. Phoenix' wealth of experience in the alternative space combined with its advanced technological solutions and a commitment to customer service typical to only boutique providers were significant factors in Mr. Deitrick's decision to join the Company.
"I am thrilled to join the highly successful team at Phoenix and help further develop the organization's fund accounting service offering. Along with their proprietary STAR-XMS transfer agent system, Phoenix has established a reputation of providing top-notch financial services to the alternative investment space. I look forward to contributing to the continued growth of Phoenix."
Phoenix American Financial Services, Inc. provides back office outsourcing, fund accounting and transfer agent services as well as sales and marketing reporting services to fund companies in the alternative investment industry. The Phoenix aircraft group, including its Irish subsidiary PAFS Ireland Limited, provides administration and accounting services for asset backed securitizations specializing in the commercial aircraft and engine leasing industry. The Company is an affiliate of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing Reporting as well as Compliance Management solutions for banks, insurance companies, asset management firms and other financial service organizations. Phoenix American Incorporated was founded in 1972 and is headquartered in San Rafael, CA.
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SOURCE Phoenix American Financial Services