NES Financial recently hired Michael Richards, formerly of State Street Corporation, as Senior Vice President in charge of Fund Accounting.

Mr. Richards joins NES Financial after nearly 18 years at State Street, where he honed an impressive investment skillset working in hedge fund and private equity fund administration within their Alternative Investment Solutions division. There, he was responsible for a large global team servicing top institutional fund sponsors and LP customers, with a broad spectrum of alternative investment product types.

Michael Richard’s background in alternative fund administration and financial reporting with leading private equity fund sponsors, will help to inform NES Financial’s approach to complex accounting transactions, automation, financial reporting and investor reporting, and to bolster their rapidly expanding presence in the private equity fund administration space.

“Michael will be a fantastic asset to our growing private equity business,” said Dan Yoder, Executive Vice President and General Manager of NES Financial’s Private Equity Business Unit. “His background of creative management and innovation in the field makes him a perfect fit for our tech-focused and forward-thinking team.”

Read the full press release by clicking here.

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