CSC expands fund services offering into Ireland 30 April 2020Dublin Reporter: Becky Bellamy
Image: POM POM/Shutterstock
CSC has expanded its fund services business into Ireland as part of its long-term strategy to provide global clients access to our suite of fund administration, capital markets, and depositary services.
The license was approved by the Central Bank of Ireland after a six-month application process.
Leading the Dublin office will be Liam McHugh, managing director of fund services for CSC. McHugh will be supported by David Barry as head of operations, David McCormack as head of transfer agency, and Lynda Kenny as head of risk and compliance, while Paul Whelan joins to oversee our global depositary offering.
This expansion follows several hires, a recent acquisition, and other investments, including the organic recruitment and launch of its fund services businesses in the US and Asia Pacific markets.
Mchugh said: “Ireland continues to enjoy a reputation as a dominant European and global fund administration centre.”
“Given the current trend of consolidation and mergers and acquisition activity among competitors, we feel we are well placed entering the market as a privately owned partner with a more than 120-year history. Our long-term stability, as well as our client-centric approach, is highly valued by our clients.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: POM POM/Shutterstock 