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Maitland Acquires Award-Winning Admiral Administration
GEORGE TOWN, Cayman Islands and LONDON, November 8, 2012 /PRNewswire/ --
Maitland, a global provider of fund administration, multi-jurisdictional legal, tax,
fiduciary and investment advisory services, has acquired Admiral Administration.
(Logo:
http://photos.prnewswire.com/prnh/20121108/573632 )
Admiral is an award-winning global hedge fund administrator with offices in the Cayman
Islands; Dublin, Ireland; Halifax, Nova Scotia; and Richmond, Virginia. It combines best
of breed technology including Advent Geneva, Advent Partner and Paladyne with highly
skilled and qualified staff to provide clients with a comprehensive customised solution to
meet the specific needs of the alternative investments industry including hedge funds,
private equity funds, UCITs and other regulated funds. At the recent HFM awards in New
York, Admiral was a finalist for Best Technology for an Administrator among other industry
leaders such as SS&C GlobeOp, Citi, State Street, and Citco. Admiral was also voted Best
Offshore Administrator by Hedgeweek in 2011.
With over 35 years international administration experience, Maitland is today
recognised as one of the fastest-growing fund administrators in the world. The acquisition
of Admiral supports Maitland's strategy of targeted growth, expanded global reach and
leadership in the fund administration industry. The combined group will have total assets
of US$145 billion under administration, 700 employees and 15 offices across 13 countries
including: BVI, Cayman, Canada, Ireland, Switzerland, Isle of Man, London, Luxembourg,
Malta, Mauritius, Monaco, South Africa and the United States.
Maitland CEO, Steve Georgala, said: "Admiral is a premier specialist provider of hedge
fund administration services and represents a strong franchise with industry leading
technology. The deal offers strategically attractive and financially compelling synergies.
Admiral's hedge fund services expertise and award winning technology will enhance
Maitland's fund services capabilities. We are well positioned to expand our traditional
administration services into the jurisdictions where Admiral has a presence."
Canover Watson, Managing Director of Admiral, who will remain the global head of hedge
fund administration for the group, said: "The merger of platforms will result in a
powerful combination of Maitland's global institutional presence and resources, and
Admiral's world-class industry leading technology and extensive hedge fund expertise. We
aim to be a global leader with the institutional infrastructure, size and resources to
assist our clients, whatever their size, location or investment strategy, to meet the
increasingly complex requirements of their investors and regulators."
For further information on Maitland or Admiral, please visit
http://www.maitlandgroup.com or http://www.admiraladmin.com.
Photo:
http://photos.prnewswire.com/prnh/20121108/573632
Photo:http://photos.prnewswire.com/prnh/20121108/573632
http://photoarchive.ap.org/
Maitland
CONTACT: Maitland Contacts: Chantal Cantin, Senior Manager - Marketing, Maitland Tel: +27(0)21-681-8012 or +27(0)83-324-6741, Email: chantal.cantin@maitlandgroup.com ; Steve Georgala, CEO of Maitland Tel: +44(0)20-3077-1212 or Email: steven.georgala@maitlandgroup.com ; ADMIRAL CONTACT: Canover Watson, Managing Director of Admiral Tel: +1-345-949-0704 or Email: canover.watson@admiraladmin.com
Maitland Acquires Award-Winning Admiral Administration
GEORGE TOWN, Cayman Islands and LONDON, November 8, 2012 /PRNewswire/ --
Maitland, a global provider of fund administration, multi-jurisdictional legal, tax,
fiduciary and investment advisory services, has acquired Admiral Administration.
(Logo:
http://photos.prnewswire.com/prnh/20121108/573632 )
Admiral is an award-winning global hedge fund administrator with offices in the Cayman
Islands; Dublin, Ireland; Halifax, Nova Scotia; and Richmond, Virginia. It combines best
of breed technology including Advent Geneva, Advent Partner and Paladyne with highly
skilled and qualified staff to provide clients with a comprehensive customised solution to
meet the specific needs of the alternative investments industry including hedge funds,
private equity funds, UCITs and other regulated funds. At the recent HFM awards in New
York, Admiral was a finalist for Best Technology for an Administrator among other industry
leaders such as SS&C GlobeOp, Citi, State Street, and Citco. Admiral was also voted Best
Offshore Administrator by Hedgeweek in 2011.
With over 35 years international administration experience, Maitland is today
recognised as one of the fastest-growing fund administrators in the world. The acquisition
of Admiral supports Maitland's strategy of targeted growth, expanded global reach and
leadership in the fund administration industry. The combined group will have total assets
of US$145 billion under administration, 700 employees and 15 offices across 13 countries
including: BVI, Cayman, Canada, Ireland, Switzerland, Isle of Man, London, Luxembourg,
Malta, Mauritius, Monaco, South Africa and the United States.
Maitland CEO, Steve Georgala, said: "Admiral is a premier specialist provider of hedge
fund administration services and represents a strong franchise with industry leading
technology. The deal offers strategically attractive and financially compelling synergies.
Admiral's hedge fund services expertise and award winning technology will enhance
Maitland's fund services capabilities. We are well positioned to expand our traditional
administration services into the jurisdictions where Admiral has a presence."
Canover Watson, Managing Director of Admiral, who will remain the global head of hedge
fund administration for the group, said: "The merger of platforms will result in a
powerful combination of Maitland's global institutional presence and resources, and
Admiral's world-class industry leading technology and extensive hedge fund expertise. We
aim to be a global leader with the institutional infrastructure, size and resources to
assist our clients, whatever their size, location or investment strategy, to meet the
increasingly complex requirements of their investors and regulators."
For further information on Maitland or Admiral, please visit
http://www.maitlandgroup.com or http://www.admiraladmin.com.
Photo:
http://photos.prnewswire.com/prnh/20121108/573632
Photo:http://photos.prnewswire.com/prnh/20121108/573632
http://photoarchive.ap.org/
Maitland
CONTACT: Maitland Contacts: Chantal Cantin, Senior Manager - Marketing, Maitland Tel: +27(0)21-681-8012 or +27(0)83-324-6741, Email: chantal.cantin@maitlandgroup.com ; Steve Georgala, CEO of Maitland Tel: +44(0)20-3077-1212 or Email: steven.georgala@maitlandgroup.com ; ADMIRAL CONTACT: Canover Watson, Managing Director of Admiral Tel: +1-345-949-0704 or Email: canover.watson@admiraladmin.com