The global ManCo and ACD business of Dublin-based asset servicing firm Waystone have for the first time surpassed $400bn in AuM.
According to a press statement, the increase reflects a rise in asset managers and sponsors globally, particularly from the US, using Waystone’s services, including its Management Company (ManCo), ACD and ETF platforms.
The growth follows the naming of Waystone as the largest independent ManCo in Ireland in Monterey’s Insight Ireland Fund Report for 2023.
The firm was also named the fastest growing in Luxembourg according to PwC’s 2024 Barometer of Management Companies.
In addition, the firm was found to the be the largest independent ACD in the UK measured by AuM according to data from the UK’s Investment Association.
Daniel Forbes, North American head, said: “This milestone reflects the immense growth and interest we continue to see across multiple product lines, particularly with US clients utilising our ManCo services.”
