Maples Fund Services has opened an office in Boston, significantly expanding its North American presence and solidifying its brand and offering in the US market.
Boston will be a full-service office that will cater to both US domestic and offshore funds looking to be serviced by a Maples Fund Services team physically present in the United States. The office will give the firm access to a tight-knit community of hedge fund, fund of hedge fund and private equity managers located in Boston, and it also materially improves its ability to be closer and more accessible to clients and their investors across the US market. In addition, the team will bring the firm’s extensive experience in servicing family offices, pension plans, endowments and foundations and institutional investors to the Boston market.
“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,” Scott Somerville, CEO of MaplesFS, said.
Jason Brandt, Regional Head of Fund Services – North America, is leading the efforts on the ground in Boston, while continuing to have management responsibility for the entire North American fund services business. Domenic Rinella, Senior Vice President, and Josh Poirier, Vice President, have joined the team in Boston to focus on client relationship management and to establish a strong foundation of experienced local market experts to serve Maples Fund Services’ growing US client base.
“We believe there is significant long-term opportunity in this market segment. Our Boston office will provide us further opportunity to diversify our service offering with universities, endowments, family offices and private equity firms, which are heavily concentrated in Boston,” Brandt said. “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.”
About Maples Fund Services
Maples Fund Services is an independent global fund services provider recognised for its innovative proprietary technology and client service model. It has offices in leading financial centres, including Boston, the Cayman Islands, Dubai, Dublin, Hong Kong, Singapore, Luxembourg, Montreal and New York. The firm provides a full range of services to onshore and offshore funds. The firm’s clients come from a wide range of investment management firms and global financial institutions. Maples Fund Services is led by a team of experienced professionals and is committed to providing a high level of service, tailored to specific client requirements. For more information, visit www.maplesfundservices.com.