Asset management services provider Waystone has acquired Centaur Group, the global fund administration and fiduciary services provider.
The mandate is part of an effort to broaden Waystone’s service offering to asset managers and their investors.
As part of the mandate, Waystone will significantly increase its Ireland and North America presence.
According to Waystone, this is the first time a third-party ManCo has moved to integrate a fund administrator to complement its service offering, rather than the established route of fund administrators adding management company services.
Karen Malone, global CEO and founding partner at Centaur, comments: “We are delighted to enter the next phase of growth by joining with Waystone. Our valued employees will remain with the combined business, continuing to deliver a high quality of service to all our clients.”
Derek Delaney, global CEO of Waystone, comments: “We are proud that Centaur has chosen to join Waystone as we emerge as the only truly international financial services firm to be headquartered in Ireland. The launch of our fund administration business means we are now unique in our field and can offer our asset manager clients a comprehensive and global suite of services.”
