Charles Taylor in the Isle of Man has appointed Amir Suleman as Director of Business Development for Charles Taylor Insurance Fund Services (CTIFS).

CTIFS is a specialist fund services business which provides end-to-end fund administration services to life companies.  These include unit pricing, box management, automated dealing and asset/liability matching as well as a number of specialist services that many life companies have difficulty outsourcing, including portfolio bond administration. Amir Suleman will be responsible for business development for CTIFS in the Isle of Man, across the UK and in Ireland, Jersey and Guernsey.

Amir brings over 15 years business development experience in enterprise systems for the financial services market. He has worked with single and multi-family offices, private equity firms, sovereign wealth funds, banks and brokerages in the areas of asset and wealth management, risk management, treasury and trading.

Jeffrey More, Chief Executive Officer, Charles Taylor Insurance Services – Life Insurance Services (IOM) said: “Many life companies are seeking ways to improve the pricing process of their unit linked funds, which often involves several side systems and which are perhaps partly outsourced already.  The CTIFS offering allows the company to retain full access to their data, control the parameters under which the funds are priced, with all the processing completed in just one system.  We have developed a best-in-class front and back-office fund administration service to meet this need.

“I am very pleased to welcome Amir to Charles Taylor.  His long experience business development in the financial services sector will be invaluable as we build our business in the fund administration market for life insurers.”

Amir Suleman, Director of Business Development, Charles Taylor Insurance Fund Services said: “Charles Taylor has an excellent reputation in life insurance administration and we are now highlighting our fund administration services capability.  Our proposition combines Charles Taylor’s expertise with market leading software which has been specifically designed for the life industry.  I am looking forward to working with our expert life insurance administration team to promote our professional service to life companies.”