CSC acquires TCS-Groep
05 November 2019 Maarsbergen
Image: Shutterstock
CSC has acquired TCS-Groep (TCS), a Netherlands-based service provider for alternative investment funds (AIFs).
Liam McHugh, managing director of CSC, will relocate to Dublin to oversee CSC’s fund administration business in Europe.
TCS currently has 26 staff across two offices who will join CSC as part of the acquisition.
CSC’s other European GFM offices are in London, Luxembourg, and Dublin.
The acquisition follows several strategic hires and investments CSC made in 2019, including the recruitment and set-up of its fund administration business in the US and the Asia Pacific markets.
TCS was founded in 1991 and provides back office, compliance, accounting, tax, representation, and domiciliation services to funds based in the Netherlands.
Birgitte van den Broek, CEO of TCS-Groep, said: “Becoming part of CSC gives us the ideal platform to further accelerate our success in building the highest quality fund services business in the Netherlands. We are excited to partner with a firm that has an international footprint and the same commitment to service excellence that our clients have come to expect.”
John Hebert, senior vice president of CSC, commented: “We’re delighted to welcome TCS to CSC as part of our long-term strategy to develop the European market by offering international clients our suite of fund administration, capital markets, and depositary services.”
He added: “TCS has an impressive track record and similar service-oriented culture to our own. The combined offerings and shared reputation for high-quality client service create a unique offering in the marketplace.”
Liam McHugh, managing director of CSC, will relocate to Dublin to oversee CSC’s fund administration business in Europe.
TCS currently has 26 staff across two offices who will join CSC as part of the acquisition.
CSC’s other European GFM offices are in London, Luxembourg, and Dublin.
The acquisition follows several strategic hires and investments CSC made in 2019, including the recruitment and set-up of its fund administration business in the US and the Asia Pacific markets.
TCS was founded in 1991 and provides back office, compliance, accounting, tax, representation, and domiciliation services to funds based in the Netherlands.
Birgitte van den Broek, CEO of TCS-Groep, said: “Becoming part of CSC gives us the ideal platform to further accelerate our success in building the highest quality fund services business in the Netherlands. We are excited to partner with a firm that has an international footprint and the same commitment to service excellence that our clients have come to expect.”
John Hebert, senior vice president of CSC, commented: “We’re delighted to welcome TCS to CSC as part of our long-term strategy to develop the European market by offering international clients our suite of fund administration, capital markets, and depositary services.”
He added: “TCS has an impressive track record and similar service-oriented culture to our own. The combined offerings and shared reputation for high-quality client service create a unique offering in the marketplace.”
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