Fund administration Maitland has expanded into Guernsey with the acquisition of fund management firm R&H Fund Services (Guernsey) Limited for an undisclosed sum.
The deal follows Maitland’s acquisition in May of Edinburgh-based R&H Fund Services from its Jersey-based parent R&H Fund Services (Jersey) Ltd.
Luxembourg-headquartered Maitland will offer its full range of institutional client services through the Guernsey office, including long-only fund administration, transfer agency, hedge funds, private equity and real estate administration services.
In a press statement, Maitland said that the acquisition of a Guernsey-based firm would add “another potential post-Brexit alternative to Maitland’s existing capabilities in Luxembourg, Dublin and Malta”.
Steve Georgala, chief executive of Maitland, said: “This acquisition will be our third management company and its location in Guernsey marks a significant step in our ambitious global growth strategy, as we look to establish a management services capability in each of the major European fund administration centres.”
All six employees in Guernsey will be retained following the transaction.
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