Aztec Group has opened its first office in the US, representing a key milestone for the group as it seeks to establish itself as a leading global provider of administration services to the alternatives industry.
Located in Philadelphia, the office is the group’s first outside of Europe, and it further enhances its service proposition for existing clients while meeting continued demand for its services internationally.
Aztec Group now serves over 250 alternative investment clients and administers more than $530 billion in assets across seven offices spanning Guernsey, Jersey, Luxembourg, the Netherlands, the UK and the US.
The US office will specialise in the provision of fund and corporate accounting and administration services to the private equity, venture capital, infrastructure, real estate and private debt sectors.
Mike Wood, a senior director and long standing employee of the firm, will head up the new office. He has been based in the Jersey office for the last 15 years, where he led a significant portfolio of global private equity and venture capital clients.
In Philadelphia, Wood will be responsible for driving the development of the group’s US presence alongside Lynne Westbrook, who has 20 years of experience in-house with US fund managers and as European lead at J.P. Morgan’s fund administration division.
Edward Moore, Aztec Group CEO, comments: “Establishing an office in Philadelphia, a city with deep roots in financial services and in close proximity to other major financial hubs, was the next clear strategic move for the group as we continue to grow.”
Moore explains: “We decided to send long-standing Aztec people to take this first step on our journey to expand internationally, combining decades of experience in the alternative investments industry with the local knowledge and expertise of our US experts.”
“This organic, client-driven growth has always been at the heart of our strategy; preserving the values and ethos of our business while maintaining the partnership-based approach our clients have come to know and expect,” he adds.
