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Bailey McCann, Opalesque New York: Maitland, the Luxembourg based fund administration firm, has opened its second US office in New York. The move follows the opening of their Miami office earlier this year. The $280 billion fund services firm says its on an expansion trend and wants to become a dominate global player in the industry.
"Our business has evolved steadily over the past 40 years," Maitland CEO Steven Georgala tells Opalesque. "With our move into North America, we see an opportunity to extend into hedge funds, private equity and into the '40 Act space."
Maitland has grown into 16 offices located in 12 countries this year, which coincides with the observance of the company’s 40-year anniversary. The company now has six offices in regions across the Americas, including the Cayman Islands, British Virgin Islands, Nova Scotia, and Richmond, Virginia. Maitland has served US-based clients through these offices, but Georgala says there was a growing demand in New York to have a specific base there. The firm has also been able to use its Miami office to expand business relationships with Latin American fund managers.
Scott Price, Maitland’s North American Head of Business Development and Client Management will oversee the New York office along with his team of specialists including Chris Murphy as North America Business Development Manager, formerly of Stonegate Fund Administration and SS&C Technologies. North America Client Relationship Manager Jeff Rh...................... To view our full article Click here
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