Guernsey: Maitland To Make Guernsey Move With R&H Fund Services Acquisition

Global advisory, fund administration and family office firm Maitland is making moves into Guernsey with the impending acquisition of local designated manager R&H Fund Services.

Maitland, which has 18 offices across 13 jurisdictions, provides legal, fiduciary, investment and fund administration services to private, corporate and institutional clients.

The privately-owned independent firm 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 its technology platform, expertise and local capabilities.

Guernsey also adds another potential post-Brexit alternative to Maitland's existing capabilities in Luxembourg, Dublin and Malta.

Other Rawlinson & Hunter business in the Channel Islands, including Guernsey-based R&H Trust Co, have an entirely separate ownership structure and do not form part of the transaction. All R&H Fund Services employees will be retained.

R&H Fund Services Director Gareth Smith said: "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."

Maitland Chief Executive Steve Georgala: "Management services are a core competency for Maitland and perfectly complement our broad range of fund accounting and transfer agency services. 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."

For more information about Guernsey's finance industry please visit www.guernseyfinance.com.

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