Maitland, a fund administration firm, has acquired the Edinburgh-based R&H Fund Services, which mainly supports investment trusts.
The acquired firm was sold by its parent R&H Fund Services (Jersey) and has assets under administration of around £2 billion (€2.32 billion).
The deal brings Maitland’s assets under administation to £220 billion and gives it a foothold in the UK’s second largest financial services centre.
Steve Georgala, CEO of Maitland, said: “Given its importance as a regional financial centre, Edinburgh presented itself as a logical next step in our ambitious global growth programme.”
Maitland said there would be no disruption for R&H staff, who will continue in their current roles.
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