FD Fund Administration of Philadelphia has announced the addition of Tom DiEgidio as the leader of FD Fund Administration’s private equity services practice. DiEgidio joins the firm after a successful tenure with Citigroup Inc.’s private equity fund services. Earlier this year, Citigroup announced its intention to exit the fund administration business.
“Tom has served the largest and most well-recognized names in our industry,” says Jackie Boggs, managing director of FD Fund Administration. “Tom is a great addition to our team and we are excited to be able to add to our resources focused on the specialized needs of private equity clients.”
“Tom is seasoned executive who understands the unique environment and needs of private equity organizations,” says Matthew Barbato, principal of Hamilton Lane. “We are pleased to see Tom join FD Fund Administration, where he joins a team with years of experience working together to serve complex funds and with the backing of a nationally recognized CPA firm, Frazier & Deeter.”
DiEgidio will be responsible for business development as well as client satisfaction for the company’s private equity clients. He will work with private equity groups to identify relevant solutions, leveraging both the services of FD Fund Administration and services of the firm’s parent company, Frazier & Deeter. Frazier & Deeter’s portfolio of services includes tax planning, accounting, wealth management, forensic accounting, SOC reporting and a variety of advisory services.
“Through FD Fund Administration and its parent firm, Frazier & Deeter, I have found a platform with the resources and focus to meet the distinctive needs of the private equity industry,” DiEgidio says. “Private equity firms need third-party administrators with the experience and resources to support their funds. They also need a professional partner with the entrepreneurial mindset to bring targeted solutions and resources to the table.”