Los Angeles, May 09, 2017 (GLOBE NEWSWIRE) --

PartnersAdmin LLC (PartnersAdmin), a California based fund administrator to the alternative fund industry and service provider to family offices, announced today the appointment of David Burnett as Chief Executive Officer. Prior to joining PartnersAdmin David was the Head of Northern Trust Hedge Fund Services for Europe, Middle East, and Africa. Mark Howells, who has been PartnersAdmin’s CEO since 2008, will continue his involvement with the firm as Chairman.

“This is the perfect time for David Burnett to become PartnersAdmin’s next Chief Executive Officer. It is David's breadth of experience, leadership skills and strategic vision that give me complete confidence in his ability to drive this firm to the next level,” says Mark Howells. “His track record for developing and leading businesses in the alternative fund industry speaks strongly for itself and is precisely what PartnersAdmin needs to enter our next chapter.”

“Over the past year, David has delivered tremendous gains to this firm's structure, momentum, and team. His positive influence and management style have resonated throughout PartnersAdmin, and have only further solidified our reputation as a best in class service provider for our client base,” says Scott Tominaga, COO of PartnersAdmin. “The alternative fund industry is an ever-changing landscape. With David at the helm, we are better positioned than ever to provide proactive and consistent solutions to our clients.”

“I am honored to take on the responsibility of directing PartnersAdmin as we enter this next phase of growth and expansion," says David Burnett. "PartnersAdmin has the rare and exact amalgamation of phenomenally talented people, fantastic clients, outstanding service, and forward velocity that makes it such an exceptional organization. We have a number of exciting opportunities and challenges ahead of us and I am excited to partner with this team and our clients as we navigate forward.”

About PartnersAdmin LLC

PartnersAdmin LLC, a SSAE16 Type II Certified fund administrator, was established in 2008 to provide exceptional outsourced solutions to the alternative fund industry. In response to the industry’s increasing focus on best practices, regulatory change, focus on reducing systemic risk and promotion of investor protection, PartnersAdmin’s team of experts have the hands-on experience to work with fund managers who are continuously faced with challenging operational issues, distractions, and rising internal costs.

PartnersAdmin LLC
David Burnett, Chief Executive Officer
(310) 498-8108

Scott Tominaga, Chief Operating Officer
(310) 321-7665