IFS Taps Bank for Fund Accounting Exec

September 05, 2001, 1:00 a.m. EDT 1 Min Read

Integrated Fund Services will pause in its recent executive build-up with the hire of Martin Westfall, now VP of fund accounting and financial reporting. Planning the expansion of future business, Cincinnatti-based IFS has hired approximately a dozen executives during the last eight months, including Roy Rogers, VP of client services and development.

"We anticipate our business growing significantly in the next three years across all of our business lines: Administration, fund accounting, and transfer agency," Rogers said.

Westfall reports to Scott Englehart, president of IFS. Englehart and Rogers had assumed managerial duties for the position prior to Westfalls arrival.

Westfall most recently served as president and CEO of Mason City, Iowa-based First Citizens National Bank. He was once senior audit manager at PriceWaterhouseCoopers.

"I view Marty as a very senior financial services executive and we were looking for someone to help manage the business and (who) knew more than just the mutual fund processing side of it," said Rogers.

IFS is looking to expand its servicing realm beyond funds; in particular, the firm has been eyeing separate accounts.

"We think its an attractive opportunity in that marketplace, so it is something were taking a look at," said Rogers. With the project currently in the planning stages, Rogers said that IFS is "considering all avenues," including partnership or acquisition.