Maples Fund Services expands presence in Asia

(CNS Business): Maples Fund Services is acquiring the Hong Kong and Singapore operations of Vistra Fund Services (Vistra FS), which, the firm says, is its first acquisition and demonstrates its long-term commitment to fund administration. Maples FS says itwill look to retain all of the Hong Kong and Singapore-based Vistra FS employees with the aim of fully integrating them into the existing Maples Fund Services Hong Kong and Singapore-based teams.

The Vistra FS team, which includes both client servicing and business development disciplines, has significant experience across Asia, deep local market expertise and language skills aligned to the region. Subsequent to the acquisition, the senior management team from Vistra FS will maintain leadership roles, which when paired with the existing senior management team at Maples Fund Services, position the firm uniquely in the market.

“This acquisition further increases our growing market share in the region, and we continue to view Asia as a strong growth opportunity for our business both in the near-term and long-term,” Scott Somerville, Chief Executive Officer of MaplesFS, said. “We identified Vistra FS as a strong addition to Maples Fund Services due to the many synergies between the two businesses, including similar focus on providing custom solutions, approach to client services and technology innovation, and independence with no conflicts.”

Ivo Hemelraad, Global Head of Vistra Fund Services commented, “We believe Vistra FS will be an excellent fit with Maples Fund Services, who will be able to further accelerate its already impressive client intake across Asia. We are pleased that the client servicing and future of the staff is assured under Maples Fund Services.”

 

Category: Finance, Financial Services