IQ-EQ appoints Matt Okolita as Global Head of Outsourced Business Services
Okolita’s role will see him lead the firm’s global outsourced business services arm as part of IQ-EQ’s growth strategy
IQ-EQ, the most complete service provider to the global community of alternative asset managers today announced that it has named Matt Okolita as Global Head of Outsourced Business Services, a role that demonstrates IQ-EQ’s focus on growing its global business during a pivotal year for the alternative asset and investor services industry. In the U.S., the world’s largest and fastest growing market, IQ-EQ operates across 7 U.S. states and employs 550+ people with plans to significantly grow this number in 2022 thanks to continued strong business growth.
Okolita previously led Greyline Partners LLC (“Greyline”), a regulatory, compliance and governance consultancy which was acquired by IQ-EQ in November 2021. In this new role IQ-EQ will look to leverage his entrepreneurial flair and regulatory expertise to grow its successful outsourced business services offering. Okolita will report directly to Mark Fordyce, Regional CEO, Americas and join the IQ-EQ U.S. executive leadership team.
As Global Head of Outsourced Business Services, Okolita will play an active role in an increasingly expanding area of IQ-EQ’s business. The impact of the COVID-19 pandemic on financial services has created significant further market demand for outsourced business solutions to fill critical personnel and resource gaps. As the preeminent provider of outsourced services to the alternative asset industry IQ-EQ has the proven expertise in tailoring its operations and services to fit the individual needs of its clients; whether they want to completely outsource their entire back office or just a few select services. IQ-EQ’s comprehensive range of services includes fund administration and investor servicing, outsourced compliance, operations, tax, treasury, cybersecurity, and managed IT services.
Speaking about his new role, Okolita said:
“I am delighted to take on this new role at IQ-EQ. We are focused on expanding our outsourced business services offering to provide clients with best-in-class service where and when they need it. From providing finance and operations support to demystifying the regulatory landscape, I’m confident that together with our Outsourced Business Services team we will continue to lead this growing sector.”
Mark Fordyce, Regional CEO, Americas, commented:
“Matt’s background across technology, compliance and regulation, as well as his commercial expertise and leadership qualities, shows he truly understands where our clients need the most support, and knows exactly what we can do to better serve them. I am delighted to have Matt join our U.S. executive leadership team and am confident that with his help IQ-EQ will long be recognized as the most complete service provider to the global community of alternative asset managers and employer of choice in this industry.”
Note to editors
IQ-EQ is a leading investor services group that brings together a rare combination of global technical expertise and deep understanding of client needs. We have the know-how and the ‘know you’ to provide a comprehensive range of compliance, administration, asset and advisory services to fund managers, multinational companies, family offices and private clients operating worldwide.
IQ-EQ employs a global workforce of 4,000+ people located in 24 jurisdictions and has assets under administration (AUA) exceeding US$500 billion. IQ-EQ works with 15 of the top 20 global private equity firms.
Also part of the IQ-EQ group of companies are First National Trustee Company (FNTC), Equitis, The Private Office, Peru & Partners, Blue River, Conseil Expertise & Synthèse, Constellation Advisers, Concord Trust Company and newly acquired U.S. based Greyline Partners, LLC.
To find out more about IQ-EQ visit www.iqeq.com.