Advanced Fund Administration (“AFA”) is a privately owned hedge fund and private equity fund administration firm established in the Cayman Islands in January 2008 by Peter M.O. Young. In September 2009 AFA expanded its global footprint into the United States by opening its Summit, New Jersey office trading as Advanced Fund Administration LLC, and in November 2014 established an office in BVI, trading as Advanced Fund Administration (BVI) Ltd. AFA is also rolling out a Luxembourg based solution to meet the fund administration needs of our European based clients electing to domicile in Luxembourg.
In 2013 AFA expanded its service offering to include offshore legal services via AFA Legal Resources (Cayman) Ltd, as well as launching AFA Advisory Services to address the needs of early stage fund managers.
AFA is a SSAE 16 Type II SOC I compliant, boutique fund administration firm providing comprehensive and cost effective fund administration solutions to all types of fund structures and investment strategies. The core of AFA’s service combines robust technology and experienced staff, offering clients personalized service and continuous access to AFA’s Executive Management. AFA values each client relationship and prides itself on partnering with its clients throughout the fund lifecycle and beyond.
Peter is the President, COO and founder of AFA. Prior to establishing AFA, he was the Executive Vice President for Citi Hedge Fund Services (Cayman) Ltd., (formerly, BISYS Hedge Fund Services (Cayman) Limited) with responsibility for its Cayman Islands operation. Prior to joining BISYS, Mr. Young was the managing partner and CEO of Rothstein Kass & Company's Cayman Islands office, which included Rothstein, Kass & Company (Cayman) Certified Public Accountants and RK Consulting (Cayman) Ltd. Mutual Fund Administrators respectively. During his tenure as managing partner at Rothstein Kass & Company, Mr. Young oversaw the audit and administration of over 450 hedge funds with over $45 billion in assets under management. He has extensive experience serving as a director for some of the largest hedge fund complexes and other investment companies in the industry. Mr. Young’s professional memberships include the American Institute of Certified Public Accountants, the American Accounting Association, and the Cayman Islands Society of Professional Accountants. He holds a B.S. degree in Accounting, a B.B.A. degree in Business Administration, a Certificate in Executive MBA, an MAFM (Master of Accounting & Financial Management), and is an Accredited Director, certified under the Canadian Institute of Secretaries, as well as being a Certified Public Accountant.
Wilton is the Head of AFA Legal Resources (Cayman) Ltd responsible for providing legal services to Cayman domiciled funds as well as several other offshore jurisdictions. Wilton has over 17 years experience in corporate law and public accountancy having worked in New York, Bermuda, BVI, Cayman and the Bahamas with an extensive background in the formation of all types of hedge funds and investment fund structures. His global expertise includes working closely with investment fund managers, administrators and onshore counsel, based primarily in the United States, United Kingdom, Luxembourg, Switzerland, Brazil, Hong Kong/ China, UAE- Dubai, Abu Dhabi, Kuwait, Russia, and Japan. Mr. McDonald was admitted to the bar in 2004 as an Attorney in the Cayman Islands and Jamaica, and as a Barrister of the Eastern Caribbean Supreme Court (BVI Circuit); and also in 2002/2003 as an Attorney in Connecticut (ret), and New York, USA.
Prior to joining AFA, Wilton established Iberia Legal Ltd. in 2010 focusing on capital introduction in Portugal, Poland, and Brazil. Wilton has previously held positions with Higgs & Johnson (formerly Truman Bodden & Company) as Head of Investment Funds; and as an associate with Ogier, Lennox Paton, and Appleby Spurling & Kempe. Wilton completed a BS degree from Northern Caribbean University, an MBA from Andrews University, a Bachelor of Laws (LLB) degree from University College London, a Master of Laws (LLM) degree from Fordham Law School, and completed the residence requirement for the Doctor of Juridical Science (JSD) degree at Cornell Law School. He is also a retired Fellow of the Association of Chartered Certified Accountants (ACCA) in the United Kingdom.
Ms. Meikle is an AFA Fund Accounting Manager in our Cayman office with over 15 years experience in the financial services industry. Cecile is responsible for a diverse portfolio of Hedge Fund and Private Equity Fund clients, and is oversees the preparation and review of US GAAP compliant financial statements for AFA clients and liaising with the external auditors during a fund’s annual review. Prior to joining AFA, Cecile was a Senior Manager at several major accounting and auditing firms including PricewaterhouseCoopers, Rothstein Kass and Company (Cayman) and Ernst and Young (Cayman). Ms. Meikle is a Chartered Certified Accountant, a Fellow of the Association of Chartered Certified Accountants (FCCA) in the U.K and a member of the Cayman Islands Society of Professional Accountants. She also holds a BSc Degree (Honors) in Management Studies from the University of the West Indies.
Jacqueline Thomas obtained a Bachelors of Science Degree (B.Sc) in Accounting and Business Administration in 1994 from the International College of the Cayman Islands. Jacqueline has extensive knowledge and experience in both accounting and administration. Prior to joining Advanced Fund Administration (Cayman) Ltd., Ms. Thomas served as the Chief Office Administrator of Citi Hedge Fund Services (Cayman), Ltd., with responsibility for all administrative, accounting and human resources functions.
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