Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Maples Fund Services launches new brand

Wednesday, October 06, 2010
Opalesque Industry Update - Maples Fund Services, an independent global fund services provider, announced a formal launch of their restructured fund administration business, formerly operating as Maples Finance. The announcement is part of the global restructuring of the Maples Finance business, which now operates as MaplesFS, with various business divisions including Maples Fund Services.

“With our new brand, Maples Fund Services is now positioned as a fully outsourced solutions provider,” said Scott Somerville, CEO of MaplesFS. “Over the past eighteen months, we have committed a significant amount of resources to Maples Fund Services, building out a best of breed operational infrastructure and technology platform, re-organizing our executive team, including adding dedicated business development resources in the US and Europe, and ensuring a global platform to offer a customizable service offering.“

Mr. Somerville, who previously held a number of senior management positions within MaplesFS, becomes CEO of the group. Toni Pinkerton, with the firm for 6 years, moves into the role of Global Head of Fund Services for Maples Fund Services. The Maples Fund Services executive team is rounded out by Tyler Kim, the Chief Information Officer, responsible for building out all technology and infrastructure.

“Our private status and ability to act independently allowed us to deliver against the necessary changes to become a fully outsourced solutions provider and meet the demands of the marketplace,” said David Brooks, Chairman of the Board, MaplesFS. “We will continue to invest significant capital and resources to the operational infrastructure and technology of Maples Fund Services to build the business and expand our service offering. As we move forward the focus will be on continuing to evolve as a market leader.”

Maples Fund Services is located strategically around the world across six jurisdictions, with technology infrastructure and data processing centers that provide for a 24-7 follow the sun servicing capability. The firm has invested in front-to-back office solutions through partnerships with Advent Geneva, Paladyne Systems and Linedata to build out an industrial strength technology and operational infrastructure. This is complemented with bespoke and proprietary technology to provide a customizable service offering.

About Maples Fund Services
Maples Fund Services is an independent global fund services provider. It has offices in a number of leading financial centres including the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, and New York. The firm provides a full range of fund administration services to onshore and offshore funds. The firm's clients come from a wide range of investment management firms and global financial institutions. Maples Fund Services is led by a team of experienced professionals and is committed to providing a high level of service, tailored to specific client requirements.

(press release)

For more information, visit www.maplesfundservices.com

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s