Nottingham Investment Administration just doubled its distribution force. CEO Kip Meadows confirmed that the Rocky Mount, North Carolina-based investment accounting and administration specialist just added Whitney Rugg as its second director of client development. Watch for Meadows to hire again.

"I'm actually talking to somebody in California," Meadows confided, adding that he's not in a huge rush to expand his team. "I don't want to grow too quickly."

Rugg, an alum of AFS and Frontline Selling, most recently worked with Mechtronics. Based in Rhode Island, he now reports to Nottingham's first director of client development, Kate Honey.

Nottingham works with more than $28 billion in assets in 150 funds, for both mutual fund firms and hedge funds. According to Meadows, a significant percentage of Nottingham's recent growth comes from firms based in the Southeast, notably Florida, Georgia and Texas. 

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