Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Viteos expands European operations

Tuesday, May 15, 2012
Opalesque Industry Update - Viteos Fund Services, in the latest in a series of strategic moves, has announced the expansion of its European operations. The expansion comes in response to increased client demand and the build out of Viteos’ services. It follows on the recent strategic announcements of an expansion in Asia-Pacific and the official launch of a Family Office Practice, building on the already established presence in North America and South Asia. The firm has named industry veteran Ranjan Mishra as Senior Vice-President to head the expansion.

For over a decade, Viteos has been a leading global fund administrator and operations service provider. Despite the challenging global market, Viteos continues to expand in services, segments, and regions. Based on its expertise and experience in the alternate investment space, Viteos is now focusing on and bringing its unique approach to the entire range of global investment management firms. In addition to continuing to grow its traditional business of services to hedge funds, Viteos will target traditional long only buy side asset managers, family offices, and other capital market intermediaries. The robust breadth of offerings to these segments includes: administration; middle office outsourcing; and technology.

Regulatory, technology, and competitive conditions have mandated that European hedge fund managers increasingly focus on cost-effective operations. Family offices are now demanding technologically advanced operations accompanied by accounting expertise. Viteos is positioned to respond to these client demands, and sees Europe as a growth opportunity. To resource the effort, Viteos, which offers “24x5” support across asset classes, named industry veteran Ranjan Mishra as Senior Vice President – Europe, joining the London office. Mr. Mishra will drive and expand the UK and Europe business. He comes with more than 16 years of experience selling into the financial services industry in India and the UK. He has a strong understanding of and experience in IT and Process outsourcing with a good understanding of the financial services industry in Europe. In his previous role he set up and grew the UK and Europe operations of Thinksoft, a specialist IT consulting company for Financial Services. He started his career with Citigroup in Custody Services in 1996, actively working in the India Securities back office ecosystem before moving to London in 2003.

To further emphasize its commitment to European clients, Viteos has moved to a new London Office location, reflecting its increased investment in European business. Shankar Iyer, CEO of Viteos stated: “As we looked at the issues and challenges facing investment managers we recognized that our ‘next generation’ approach, which combines experience, expertise, technology, and global reach both anticipates and meets their needs. Ranjan Mishra brings a depth of knowledge and strong relationships – both of which are critical to our expansion in Europe and to our offerings, and which will serve our clients and Viteos well.”

Press release

bc

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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L