Maitland bolsters fund services technology expertise with senior hire

By Edlyn Cardoza

Maitland, the global fund administration firm, has recruited JP Khaitan as Head of Technology Services – Fund Services. Khaitan arrives with two decades’ experience working with multinationals across the wealth management, life insurance, fund, and banking sectors. He reports to Managing Director of Maitland Global Fund Services, Jon Hugill.

Khaitan will work with Maitland’s management team to define Fund Services’ information technology and information system strategy, overseeing its deployment and maintenance. He will also look to ensure Maitland realises maximum value from its technology investments, both to grow the business and further enhance client service.

The Head of Technology Services – Fund Services is a newly-created role, as Maitland aims to consistently innovate, developing solutions to assist clients in fulfilling their regulatory and mandate obligations.

Jon Hugill, Managing Director of Maitland Global Fund Services, said: “A growing governance and regulatory burden is putting pressure on the funds sector, pushing up the cost of managing assets for clients. Technological advancements are also triggering demand for innovation, digitalisation, and improved efficiency within the fund services industry.

“JP will be a brilliant addition to our team as we continue to innovate and assist clients in facing these challenges. He has been recognised consistently for his contributions to the sector with various awards, and already has a wealth of experience with the technology platform Maitland uses.”

JP Khaitan, Head of Technology Services – Fund Services, said: “Fund managers want to concentrate on what they do best: running client money. As regulatory pressure grows, they increasingly rely on their partners – like Maitland – to support them with efficient and modern administration services.

“With Maitland’s wealth of experience in local and offshore markets, significant market share within South Africa, and global client offering, I’m excited about the opportunities for the Fund Services business.”

Prior to joining Maitland, Khaitan was the Technology Advisor within the COO office of the World’s largest sovereign fund. He holds a Bachelor of Economics from Calcutta University and Masters in E-Business, along with several IT certifications.