Maitland Names Bain's Erasmus as Non-Executive Director

Nov 17 2015 | 6:00pm ET

Shareholders of global advisory and fund administration company Maitland have approved the appointment of Bain & Company executive Maureen Erasmus to its board as a non-executive director.

The confirmation took place at the company’s recent annual general meeting.

Erasmus joins Maitland following expansions into the United Kingdom and North America and the launch of the company’s AIFMD management company in Luxembourg. She has more than three decades of experience at the very top of the management consulting, investment banking and wealth management industries, and brings deep expertise in corporate strategy, organizational change, risk management, acquisitions and corporate governance, according to the company. 

Previously, Erasmus was a partner at A.T. Kearney and lead strategy advisor at Lehman Brothers and Merrill Lynch. She is currently partner for financial services at Bain & Company.

“We are absolutely delighted to have someone of Maureen’s caliber and experience joining us at what is a very exciting juncture for us,” said Michael Solomon, Maitland’s Chairman, in a statement. “She has precisely the right set of skills and knowledge, cultivated at the highest echelons of the industry, to make an important contribution to our strategy.”

Erasmus also sits on the boards of several other companies, both listed and not-for-profit.

Founded in Luxembourg in 1976, Maitland is a global advisory and administration firm providing consolidated fund, family office and corporate services, including third-party fund administration to managers of pension funds, mutual funds, hedge funds and private equity funds. The company operates from 14 offices across 12 countries, and has more than $280 billion in assets under administration.

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