Newmark Group, Inc. hired Neal Armstrong as head of its new Fund Administration business. Armstrong will report to Ania Jastrzebska, Senior Managing Director and Global Managed Services Lead.

With more than two decades of experience in fund accounting and real estate fund services, Armstrong brings deep operational and technical expertise to Newmark as the firm continues expanding its Investor Solutions capabilities. In the new role, he will lead the build-out of Newmark’s Fund Administration business.

Prior to joining Newmark, Armstrong served as Global Head of Real Estate Fund Services at the Bank of New York, where he played a central role in more than tripling assets under administration. He also previously held leadership roles at Deutsche Asset & Wealth Management and began his career in assurance at KPMG.