Maples expands to Boston 10 September 2014Boston Reporter: Catherine Van de Stouwe
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Maples Fund Services has opened its Boston office as part of its expansion into the US market.
The Boston hub will be a full-service office that will cater to both US domestic and offshore funds looking to be serviced by a Maples team present in the US.
The location will give the firm access to a tight-knit community of hedge fund, fund of hedge fund, and private equity managers located in Boston.
In addition, the Maple team will bring the firm’s extensive experience in servicing family offices, pension plans, endowments and foundations and institutional investors to the market.
Scott Somerville, CEO of Maples, said: “On the back of our recent strategic acquisition in Asia, we are extremely positive about the continued global expansion of our fund administration business through the opening of the Boston office.”
Jason Brandt, regional head of fund services North America, will head the Boston office while continuing to have management responsibility for the entire US fund services business.
Joining the Boston team is Domenic Rinella, senior vice president, and Joshua Poirier, vice president, who will focus on client relationship management and will establish a strong foundation of experienced local market experts to serve Maples’ growing US client base.
Brandt said: “We believe there is significant long-term opportunity in this market segment.”
“A Boston presence increases business development flexibility in targeting clients who want a local US-based administrator and it also provides us with the ability to work more closely with onshore law firms and service providers.”
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