Sean Foley Appointed CFO of Butterfield Fulcrum Group of Companies

New York, London, and Waterloo, Ontario - 18 May 2011

Sean Foley has been appointed the Chief Financial Officer and Chief Administration Officer of Butterfield Fulcrum, a leading independent fund administrator, and FORS Limited, an independent provider of family office and wealth management reporting and administrative services.

Butterfield Fulcrum and FORS were recently brought together into one entity offering comprehensive outsourcing solutions across the alternative investment management, family office and trust industries. The two companies are run as separate businesses by their respective management.

Prior to being appointed as CFO and CAO of Butterfield Fulcrum and FORS, Mr. Foley served as the Group Financial Controller for Butterfield Fulcrum. Mr. Foley, who is located in Butterfield Fulcrum’s Waterloo, Ontario office, has over 14 years of experience in financial leadership roles at public and private Canadian companies.

“We are delighted to expand Sean’s role within the new entity, providing continuity to our team,” said Glenn Henderson, CEO of Butterfield Fulcrum. “He will be responsible for the integrity of the companies’ financial information and systems, as well as a key part of the executive team at Butterfield Fulcrum and FORS.”

Mr. Foley graduated from the University of Regina in Saskatchewan, Canada with a Bachelor of Administration degree. Mr. Foley began his career with Ernst and Young and holds a Canadian Chartered Accounting designation.

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