The transaction represents the first time a leading third-party management company (“ManCo”) has moved to integrate a fund administrator to complement its service offering versus the established route of fund administrators adding management company services.
It also sees Waystone double down on its home base of Ireland, where alongside the recently announced transaction with KB Associates, it will finish the year at close to 500 Irish based employees. With the Centaur combination, Waystone will also increase its North American presence.
Ronan Daly, Founding Partner at Centaur comments, “As we look at the next phase of our growth, joining together with Waystone is the logical option, being an Irish headquartered global financial services firm, client centric and with an institutional fund manager book. The Centaur team is delighted to be joining Waystone on their growth trajectory and look forward to being able to provide fund administration services to Waystone clients, whilst still providing our existing clients with the same quality and focus as they have come to expect from us.”
Derek Delaney, Global CEO of Waystone comments, “For Waystone, this deal represents a major achievement, as with Centaur we are gaining a highly-experienced senior management team with similar culture and values and we will also gain additional global locations including New Jersey, Bermuda and Canada. We are quietly proud that, as with KB Associates, Centaur has chosen to join the emergence of the only truly international Irish financial services firm.
About Waystone
Waystone is the leading provider of institutional governance, risk and compliance services to the asset management industry.
Partnering institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$1Tn in AUM.
Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.
Press Contact: Alison Mitsas
The Daily Caller News Foundation
Tel: +39 327 751 1500
About Centaur Fund Services
Founded in 2009, Centaur provides fund administration services to some of the world’s largest institutions, servicing over 120 different client groups who manage in excess of $200 Bn. Its experienced team, combined with operational excellence, is core to its success. With office locations in North America, London, Bermuda, Ireland and Luxembourg, Centaur delivers independent fund administration and regulatory services to hedge funds, funds of funds, private equity and real estate funds, insurance-linked securities funds, family offices and institutional investors, across the globe.
Press Contact: Ronan Daly
The Daily Caller News Foundation
SOURCE Waystone
