People Moves

Clark named Butterfield Fulcrum CEO


Michael Clark, president of the institutional products group at Fidelity Investments, replaces Akshava Bhargarva as chief executive officer at Butterfield Fulcrum.

Bhargarva leaves the company after three years and was the driving force behind the integration of Butterfield Fund Services and Fulcrum Group.

Also during his tenure, the fund administration group entered the managed account platform space, backing Altinus - an independent platform providing segregated and commingled managed accounts with a common set of tools for operations, administration and risk monitoring.