Headquartered in Bermuda, Butterfield Fulcrum now has 11 offices in nine countries. The addition of a Chicago office will complement Butterfield Fulcrum's existing North American client relationship management capabilities in Waterloo, Ontario.

Jim Gabriele, previously of Caledonian Fund Services USA, will run the office and serve as managing director, head of strategy.  He is joined by John Peterson, also previously of Caledonian Fund Services USA, who will serve as managing director of business development. 

'Despite challenging times for the industry, we continue to invest and expand, and the addition of a Chicago office reinforces our commitment to be a leading administrator in the US markets as well as an established global player,' says Akshaya Bhargava, chief executive of Butterfield Fulcrum.   

The Chicago office allows Butterfield Fulcrum to continue expanding its client presence in the Midwestern US markets such as Chicago, Minneapolis, and Milwaukee. 

Gabriele brings over 15 years of operational and business development experience in prime brokerage and administration services to Butterfield Fulcrum.