MaplesFS launches in Delaware 22 September 2011Delaware Reporter: Justin Lawson
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MaplesFS have expanded its fiduciary services division with the launch of Maples Fiduciary Services (Delaware) LLC. The focus of this new office will be to provide independent governance services (directors and member managers) to Delaware based investment funds and asset finance vehicles.
Scott Somerville, CEO, said: “Maples Fiduciary has established itself as a market leader in corporate governance in the Cayman Islands, Dubai, Ireland and Luxembourg. An expansion into Delaware is a natural fit for our investment funds and asset finance clients. Since the credit crisis, we have seen investors and managers asking for similar standards and practices to be implemented on their US domiciled funds. This office gives us the capability to service these vehicles not only from Cayman but also from Delaware, and allows us to deliver a standard of service we do not believe is currently available in the market.”
“The ability to provide fiduciary services to Delaware as well as Irish and Cayman based asset finance vehicles places Maples Fiduciary ahead of many of its competitors,” Guy Major, global co-head of Maples Fiduciary, added. “This expansion allows the Maples group to demonstrate its commitment to providing a first class, comprehensive service to its asset finance clients.”
Maples Fiduciary Services (Delaware) LLC will operate from offices in Newark, Delaware.
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