Strategic Hire Brings Fund Operations, Crypto, and Client-Centric Expertise to Bolster $40B AUA Platform Growth in the US Market.
The Ascent Group, a leading global fund administration firm, today announced the appointment of Skyler Steinke as Managing Director, USA. This strategic hire underscores the $40B AUA fund administrator’s commitment to expanding its presence in the United States and reinforcing its position as a technology-driven leader for both traditional and digital asset funds.
Skyler’s appointment significantly enhances our ability to serve US clients with our proven technology and service model. Our robust infrastructure, developed to handle both traditional fund structures and complex digital asset strategies, combined with Skyler’s deep fund operations, digital assets and blockchain knowledge, will provide US fund managers with unparalleled support as they navigate the evolving regulatory landscape and seize new opportunities.
Samuel Chen – Group Chief Operating Officer
With over 20 years of experience in the fund administration industry, including 10+ years focused on digital assets and blockchain, Steinke brings a wealth of expertise to the firm, including building Gen AI solutions and workflows for fund administrators. He has been pivotal in launching and servicing many of the first digital asset funds in the industry since 2015, while also leading traditional fund administration initiatives, from hedge funds and private credit funds to private equity and real estate funds.
His appointment comes at a time when both traditional and digital asset fund managers are seeking robust and innovative solutions to navigate an increasingly complex financial landscape.
“Joining Ascent represents a unique opportunity to leverage cutting-edge technology while maintaining a client-first approach,” said Skyler Steinke, Managing Director, USA at The Ascent Group. “In an industry where finding the right balance between automation and personalized service is crucial, Ascent’s innovative platform allows us to scale efficiently without compromising on client support. This is especially important as demand continues to rise from both traditional and digital asset funds in the US market.”
Key Benefits for US Clients
- Proven track record with $40B AUA across traditional and digital asset funds.
- 20 global offices supporting multi-jurisdictional capital deployment.
- Proprietary technology enabling daily NAV calculations and real-time updates.
- On-demand blockchain reporting available for GPs and managers.
- In-house e-KYC compliance hub, “One Constellation,” for real-time onboarding.
- Straight-through processing from accounting systems to client portals.
- Scalable solutions handling tens of millions of trades monthly.
- Balanced approach combining technology with personalized client service.
- Growing US-based operations and local support team.
- Privately owned structure allowing for agile, client-first decision-making.
Ascent’s continued expansion in the US market comes on the heels of the recent Digital Asset Summit in New York, which highlighted the growing institutional interest in both traditional and digital assets and the need for sophisticated fund administration solutions. The strategic growth is driven by changing US regulations, new fund launches, potential conversions from legacy administrators, and existing clients expanding their fund offerings.
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