Mr. Calveley, CFA, ACA, is to be based in Bermuda, and is to oversee strategic planning and financial control of Fulcrumâs group and subsidiary operations. The Canadian operations will also now report directly to Mr. Calveley. Previously, he served as CFO for West End Capital Management (Bermuda) Limited, an investment management firm specializing in global fixed income markets which managed more than $1 billion in assets.. From this position, Mr. Calveley was part of a team that launched Flagstone Reinsurance Limited, founded with capital of over $700 million raised by the management of West End Capital. He served as CFO until June 2006. Mr. Calveley previously held positions as a senior auditor for KPMG in London and Bermuda.
âTim joins us with a thorough understanding of our client service and technology model, from the clientâs perspective,â said Glenn Henderson, CEO of Fulcrum Limited. âTimâs experience and background from the fund management side of the business illustrates Fulcrumâs dedication to building the most experienced executive team possible in order to serve our clients,â he said.
âHaving been a client of Fulcrumâs for many years, I had always been impressed with the product knowledge, client service, timely delivery of NAV, and technology platform at Fulcrum,â said Mr. Calveley. âFulcrumâs position in the industry, combined with its recent strategic and rapid expansion, made this a very exciting opportunity to join the senior management team,â he said.
Another strategic executive change for Fulcrum is the promotion of Steve Slessor to Director of Client Services. He was recently appointed as the manager of the Cayman Islandâs office. In addition to his current duties, he will join Fulcrumâs Global Client Acquisition Team to ensure that clientâs expectations on all aspects of the transition process is met and surpassed. Mr. Slessor will work jointly with Tim Thornton, Managing Director, Global Client Acquisition Group and Director of Risk, to make certain that the quality of reporting is maintained on an ongoing basis.