4Pines Fund Services appoints President, Chief Client Officer

By Sunniva Kolostyak

Fund administrator 4Pines Fund Services has appointed Celeste Barone, a former Commonfund Executive Vice President, as its President and Chief Client Officer.

4Pines is a private capital fund administrator which specialises in providing front, middle and back-office solutions across private capital management. By appointing Barone, the firm hopes to reinforce its focus on high-touch client service.

The new President has 25 years’ experience managing the financial operations of multi-billion-dollar private capital and asset managers. Most recently, she held the position of Executive Vice President and Chief Financial Officer of Commonfund, a $25 billion asset manager that offers investment solutions to non-profit institutions. She was also a member of the Executive Committee and Chief Financial Officer of Commonfund Capital, Inc., its $12 billion private capital subsidiary.

Barone has also served as the Managing Director of Finance and Chief Compliance Officer of Pomona Capital, a New York-based alternative investment firm specialising in secondary transactions with over $12 billion of capital since inception.

Commenting on the appointment, she said: “I joined 4Pines because of its unique position in the market – the business model is designed for CFOs by CFOs. No other administrator can offer this perspective, high-touch service or superior technology platform.”

“I know what it’s like to be in the CFO’s shoes and am excited about having the product and resources to provide such high-quality services,” she said.

Barone joins the company as one of three recent appointments to its senior management– 4Pines Fund Services recently appointed Jonathan North as Head of Product and Michael Stefanoni to lead AML/KYC and Fund Data Operations.

Commenting on the appointment, Mike Trinkaus, CEO of 4Pines, added: “I am pleased to welcome Celeste to our team and believe her deep and extensive experience in leading financial operations of private capital businesses will make an enormous contribution to 4Pines and the key services we offer our clients. Her appointment further demonstrates the firm’s commitment to deliver superior customer service through a deep partnership with each client.”