Management company Waystone has successfully closed its acquisition of KB Associates (KBA).
The agreement makes Waystone the largest UCITS fund management company in Ireland. As part of the acquisition, Waystone will welcome 90 new team members.
Following the finalisation of the deal, KBA and Waystone will both relocate to new headquarters in Dublin.
Waystone will take four floors of the building to accommodate its 600-strong Dublin workforce based in the city.
Derek Delaney, global CEO of Waystone, comments: “KB Associates has been the pre-eminent provider of governance and compliance services in Ireland for almost 20 years. We are delighted that KBA has chosen to join our institutional partnership and we look forward to welcoming 90 talented new colleagues as part of the Waystone family.”
Andrew Kehoe, CEO of KBA, adds: “By joining the Waystone Group, which has offices in fifteen locations across the globe, we will be able to offer our international clients a single global solution to meet their complex regulatory and governance requirements. We are delighted to be joining the Waystone team at our new headquarters in Dublin as 2022 draws to a close.”
