Institutional governance, risk and compliance services provider Waystone Group, has completed its acquisition of KB Associates (KBA) as it relocates its headquarters to Dublin from the Cayman Islands.
Waystone would not disclose the value of the deal due to contractual restrictions. The group confirmed 90 of KBA’s employees would join the firm as a result of the acquisition.
As a result of the deal, Waystone will now support European fund assets of over $300 billion and global assets of over $2 trillion.
Derek Delaney, Waystone global CEO, said: “KB Associates has been the pre-eminent provider of governance and compliance services in Ireland for almost 20 years. We are delighted that KBA has chosen to join our institutional partnership and we look forward to welcoming 90 talented new colleagues as part of the Waystone family.
Andrew Kehoe, KBA CEO, added: “By joining the Waystone Group, which has offices in fifteen locations across the globe, we will be able to offer our international clients a single global solution to meet their complex regulatory and governance requirements.”
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