James Fitzpatrick was named president of the National Investment Company Service Association, a McLean, Va.-based group that focuses on operational best practices for financial service firms and technology providers.
Mr. Fitzpatrick will assume the post Sept. 9. He was president of Executive Business Coaching, a business proficiency advisory firm, and prior to that was managing director of Goldman Sachs Asset Management, overseeing global liquidity.
He replaces Theresa Hamacher, who remains as a consultant to NICSA.
In an interview, Mr. Fitzpatrick said he hopes to continue the work of previous NICSA presidents in broadening the group's impact on the financial operations industry.
“The industry has changed quite a bit, and so has NICSA's role,” he said. “There's the continuing evolution of the global distribution model, looking at all the technological advances and cybersecurity issues, not to mention big data. There's a lot of interest in those issues, and those are things with which we can help educate the industry.”
Daniel Houlihan, vice chairman of NICSA and senior vice president, head of global fund services, North America, at Northern Trust, said the group focuses more as an educational group and does not lobby regulatory agencies. NICSA is complementary to the Investment Company Institute, which lobbies on behalf of the industry, he said.
