Maitland buys R&H Fund Services Guernsey
August 8, 2017

Maitland, the global advisory and fund administration firm, says it is to acquire Guernsey-based Designated Manager, R&H Fund Services (Guernsey) Limited.

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

Maitland says it 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 allowing 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, says Maitland.

Gareth Smith at R&H Fund Services (Guernsey) Limited, says: "We're looking to accelerate our growth over the coming years and Maitland is the ideal company to make that happen. The firm has a number of international clients either based in Guernsey or looking to establish a presence here, and we're exceptionally well placed to help them."

Steve Georgala, Chief Executive Officer of Maitland, says: "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."

Craig Stewart, a Partner at Rawlinson & Hunter in Jersey, comments: "Following a strategic review, we decided to focus on developing our Jersey operation and so a decision was taken to sell our six-person Guernsey fund services subsidiary. We are committed to growing our independent and locally owned Jersey fund services, corporate services and private client businesses, which between them employ in excess of 150 people in Jersey."  

All R&H Fund Services (Guernsey) Limited employees will be retained following the transaction.

 





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Maitland, the global advisory and fund administration firm, says it is to acquire Guernsey-based Designated Manager, R&H Fund Services (Guernsey) Limited.

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

Maitland says it 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 allowing 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, says Maitland.

Gareth Smith at R&H Fund Services (Guernsey) Limited, says: "We're looking to accelerate our growth over the coming years and Maitland is the ideal company to make that happen. The firm has a number of international clients either based in Guernsey or looking to establish a presence here, and we're exceptionally well placed to help them."

Steve Georgala, Chief Executive Officer of Maitland, says: "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."

Craig Stewart, a Partner at Rawlinson & Hunter in Jersey, comments: "Following a strategic review, we decided to focus on developing our Jersey operation and so a decision was taken to sell our six-person Guernsey fund services subsidiary. We are committed to growing our independent and locally owned Jersey fund services, corporate services and private client businesses, which between them employ in excess of 150 people in Jersey."  

All R&H Fund Services (Guernsey) Limited employees will be retained following the transaction.

 



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