Global advisory and fund administrator acquires R&H Fund Services Guernsey

Maitland, the global advisory and fund administration firm, today announced that it has entered into an agreement 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 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.

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, CEO of Maitland, says: “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.”

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.

ENDS

CONTACT DETAILS

Chantal Cantin, Head of Marketing, Maitland on +27 (0)21 681 8012 or chantal.cantin@maitlandgroup.com

Steven Ross, Partner, Rawlinson & Hunter on 01534 825200 or steven.ross@rhfsl.com

Key Contacts

Chantal Cantin

Head of Marketing
Tel: +27 21 681 8012

The information and opinions herein are for information purposes only. They are not intended to constitute legal or other professional advice, and should not be relied upon as such or treated as a substitute for specific advice relevant to particular circumstances. Maitland accepts no responsibility for any errors, omissions or misleading statements in this publication, or for any loss which might arise from reliance on the material. No mention of any organisation, company or individual, whether on these pages or not, shall imply any approval or warranty as to the standing and capability of any such organisations, companies or individuals on the part of Maitland.

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