Maitland Group Establishes Guernsey Presence With R&H Fund Services Acquisition

Aug 8 2017 | 10:26pm ET

Global fund advisor and administration specialist Maitland has agreed to acquire R&H Fund Services (Guernsey) Ltd as the firm’s global growth accelerates. 

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, the company said in a statement. This allows Guernsey-based funds to benefit from Maitland’s technology platform, its expertise and its global capabilities. Guernsey also adds another potential “post-Brexit” alternative to Maitland’s existing capabilities in Luxembourg, Dublin and Malta.

Other Rawlinson & Hunter businesses in the Channel Islands, including R&H Trust Co. (Guernsey) Ltd., Rawlinson & Hunter Limited and R&H’s Jersey businesses, have an entirely separate ownership structure and do not form part of the transaction, the company added.

Terms of the transaction were not disclosed, although All R&H Fund Services (Guernsey) Ltd. employees will be retained following the deal’s close.

“Management services are a core competency for Maitland and perfectly complement our broad range of fund accounting and transfer agency services,” said Steve Georgala, CEO of Maitland, in the statement. “This acquisition will be our third management company, and its location in Guernsey marks a significant step in our ambitious global growth strategy.”

Founded in Luxembourg in 1976, Maitland is provides multi-jurisdictional legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients. The firm is privately owned and fully independent, administering funds for multiple investment managers and sponsors, and has more than $280 billion in assets under administration.

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