Advisory and fund administration firm Maitland has acquired the Edinburgh subsidiary of R&H Fund Services (Jersey) for an undisclosed sum.
The Edinburgh business focuses on the investment trust sector and presently services eight funds. The acquisition adds around £2bn in assets to Maitland’s books, boosting its total assets undet administration to over £220bn worldwide.
Go deeper with GlobalData
All Edinburgh employees of R&H will retain their existing roles following the acquisition.
Maitland CEO Steve Georgala said: “Given its importance as a regional financial centre, Edinburgh presented itself as a logical next step in our ambitious global growth programme.
“The excellent track record of R&H Fund Services’ Scottish business, make it a perfect fit for us, and an ideal base from which to bring the wider Maitland offering to the Scottish market. We believe that our combined strengths will open up significant opportunities for growth.”
R&H Edinburgh business director Martin Cassels added: “Our commitment to our clients remains as strong as ever, and by joining the wider Maitland firm we will be able to draw on its size and resource to enhance our offering in a number of key areas, particularly ACD and AIFM solutions.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
