NorthPoint Solutions, a business solutions provider focused on the alternative investments sector, has appointed Paul Jessup as head of business development and strategic relations for its US operations. 

Jessup will be joining NorthPoint from Bank of America Merrill Lynch’s global fund services division where he held the role of vice president of business development. 

Prior to this he worked in ABN Amro’s private banking group focused on structured and alternative investment products in London. 

Jessup will be responsible for building and enhancing relationships with investment managers, prime brokers, fund administrators and other partners in New York, Boston and other strategic US locations.

“We are very happy to have Paul join the NorthPoint team,” says Glen Froio, NorthPoint’s president. “Paul brings an excellent track record of results in senior business development roles within the capital markets space along with strong subject matter expertise in the Alternative Investments domain. NorthPoint has experienced significant growth in our Alternative Investments practice over the past five years and Paul will be an excellent addition to our team as we expand our operations in the Northeast and into other strategic US cities.”

“As the hedge fund space continues to evolve, technology requirements are becoming increasingly complex and critical to a hedge fund’s success. NorthPoint is well positioned to build upon its record in partnering with alternative investment managers to provide comprehensive solutions that optimise their technology requirements and I look forward to being a part of NorthPoint’s continued growth,” adds Jessup.