AKJ, an independent brokerage and software group serving the institutional and hedge fund industries, today announced the appointment of Tom Mackay as general counsel. Mackay has provided legal consultancy to AKJ for more than 12 years, but with the formation of AKJ Accelerator in 2012 and its rising success, his role has now developed into a more senior position.

AKJ Accelerator is a leading turnkey, hedge fund solution for fund managers, which takes care of all the necessary components involved with the set up and day-to-day operation of a fund. As AKJ’s general counsel, Mackay is responsible for the all-encompassing global regulatory framework within AKJ Accelerator and will be in charge of analysing problems and developing options and implementing solutions for AKJ’s fund management clients.

Mackay brings 38 years of invaluable legal experience in financial services to AKJ and its Accelerator solution. During his career he has held prestigious positions at organisations including the London Stock Exchange and 3i plc, where he was Head of Legal Department, as well as Partner positions in leading international law firms.

Tom Mackay said: ‘I am delighted to be appointed as general counsel at such an exciting time when there is increasing appetite for our hedge fund solution. Many fund managers get frustrated about the time and resource spent on setting up and running a hedge fund when they should be focusing their energies on trading. AKJ Accelerator offers managers the opportunity to outsource their operations to a single trusted provider, leaving them to get on with their day job.’

AKJ was established in 1995 by Anders Kvamme Jensen and serves institutional and hedge fund clients in over 37 countries.