BoNY expands hedge fund services in Dublin

Headon will spearhead the bank's efforts to provide administrative and operational services to European-based hedge fund managers.

Headon moves from rival mutual and hedge fund services provider PFPC International, where he was head of hedge fund accounting and administration in Dublin. His role with PFPC included both operational management and business development for the European market.

The European hedge fund industry is set to expand, with proposed regulatory changes in a number of countries. Following the examples of Ireland and Italy, regulators in France and Germany are implementing changes, including reducing the minimum investment required for onshore funds.

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