Ultimus Names Managing Director to Lead Retail Alternatives Business
Ultimus Fund Solutions – an independent provider of fund administration services to investment advisers, fund managers, and institutional investors – has appointed Nicholas Ablahani as managing director, head of retail alternative administration product.
Ablahani will lead its expanding retail alternative investment business, underscoring the firm’s commitment to servicing registered products such as business development companies, interval funds, tender offer funds, REITs and perpetual private placement vehicles.
The company said Ablahani, who has 18 years of experience in alternative investments, brings deep experience in fund administration and relationship management, with a strong track record in supporting complex closed-end strategies. In his new role, he will drive growth and innovation in Ultimus’ retail alternatives platform, helping managers navigate the evolving landscape of semi-liquid and evergreen funds.
“Nick’s leadership will further strengthen our industry-leading ability to support asset managers in the dynamic retail alts space. His appointment reflects our continued investment in people, technology, and service excellence,” said Gary Tenkman, chief executive officer of Ultimus.
Ablahani told AltsWire that he will be responsible for Ultimus’ expansion, including setting the strategy and go-to-market approach, of its retail alternatives business.
“I will work across all business lines, focusing on strategic growth initiatives and enhancements to the product offering and operating model,” said Ablahani. “I will also identify and pursue new business opportunities and the management of strategic industry partnerships to expand Ultimus’ client base and facilitate revenue growth.”
Prior to Ultimus, Ablahani was at U.S. Bank Global Fund Services in a variety of roles from 2013 to 2025. In his final position there, he was senior vice president, head of registered closed-end fund servicing.
Through launches and fund transitions, Ultimus’ retail alternatives business line has nearly doubled in size in the past year. It is currently working with more than 20 retail alternative funds in registration.
It has also added key industry professionals, including Teresa “Terry” Connors as executive vice president, fund services. The company additionally appointed Lance Christofferson, senior vice president of transfer agent retail alternatives; Elizabeth Zullo, senior vice president of relationship management; and Imelda Mejia, vice president of implementation.
“I’m excited to join Ultimus at such a pivotal time. The firm’s momentum in retail alternatives is impressive, and I look forward to building on that success,” concluded Ablahani.
Ablahani has a bachelor’s degree in finance from William Paterson University of New Jersey.
Headquartered in Cincinnati, Ohio, Ultimus Fund Solutions employs more than 1,100 seasoned accountants, attorneys, paralegals, application developers, fund administrators, compliance specialists, and others. It provides more than 450 clients with various fund accounting, fund administration, legal administration, transfer agency, and compliance services across more than 2,100 funds holding over $600 billion in assets.
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