Maitland expanding in to US market 30 April 2015New York Reporter: Stephanie Palmer
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Maitland has hired Scott Price to spearhead its growth in the US market as head of business development and client management in North America.
The move is part of Maitland’s growth strategy, and comes after it acquired 100 percent of UK-based Phoenix Fund Services. This acquisition added £2.6 billion to Maitland’s assets under administration, making a total of more than £140 billion.
It also coincides with the rebranding of Maitland’s US operations, which previously operated under the name Admiral. Price will play a large part in moving towards Maitland’s ‘one firm’ model.
He will be responsible for leading sales and client management in North America.
Previously, Price spent 10 years with TMF Custom House Global Fund Services, where he became regional director and head of sales, and sat on the board of its parent company.
He has experience advising clients in the alternative hedge fund industry, has championed technological developments and backed development initiatives.
Price said: “This is a fantastic opportunity to grow a great business in a market where it has plenty of potential to expand. Maitland offers a very appealing proposition: it boasts the optimal platform, the best people with the deepest expertise, can draw on excellent global resources, and consistently delivers for clients at the highest level of quality.
David Kubilus, head of group business development at Maitland, said: “I’m delighted to welcome such a talented and driven individual to Maitland. I am confident his diverse skillset, strategic mindset, and strong interpersonal abilities – combined with the depth of his expertise – will enable him to deliver on our ambitious aims in the US market.”
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