On the heels of the recent acquisition in the Netherlands
WILMINGTON, Del.-Saturday 2 May 2020 [ AETOS Wire ]
(BUSINESS WIRE)--
Today, CSC announced its Fund Services expansion into Ireland as part
of its long-term strategy to provide global clients access to our suite
of Fund Administration, Capital Markets, and Depositary services. After a
comprehensive six-month application process with the Central Bank of
Ireland, CSC has been licensed to provide its Fund Services offering in
one of the leading European financial centers.
“Ireland
continues to enjoy a reputation as a dominant European and global fund
administration center,” says Liam McHugh, managing director of Fund
Services for CSC. “Given the current trend of consolidation and M&A
activity amongst competitors, we feel we are well placed entering the
market as a privately owned partner with a more than 120-year history.
Our long-term stability, as well as our client centric approach, is
highly valued by our clients.”
This
expansion follows several strategic hires, a recent acquisition, and
other investments, including the organic recruitment and launch of Fund
Services businesses in the U.S. and APAC markets. McHugh will lead the
Dublin office, supported by a highly experienced management team,
including David Barry as head of operations, David McCormack as head of
transfer agency, and Lynda Kenny as head of risk and compliance, while
Paul Whelan joins to oversee our global depositary offering.
CSC
has earned the trust of clients around the world, working with 60% of
the top 100 global alternative asset managers, providing specialized
outsourcing services to them and their advisors in the U.S., Europe, and
Asia.
“Unlike
other providers, one of our greatest strengths is that our
professionals in the United States, Europe, and Asia-Pacific work as one
team to deliver fully complementary and multi-jurisdictional
solutions,” says John Hebert, senior vice president of CSC. “Our global
capabilities and team-based approach enables us to work in partnership
with our clients regardless of market, service, asset type, or
location—so we’re positioned to make our client’s interests our top
priority.”
The Irish office of Simmons & Simmons advised CSC on the licensing and approval process with the Central Bank of Ireland.
For more information about CSC’s Fund Services business, visit cscgfm.com.
About CSC
CSC
is a leading provider of specialized administration services to
alternative asset managers across a range of fund strategies, capital
markets participants in both public and private markets, and
corporations requiring fiduciary and governance support. We are the
unwavering partner for 90% of the Fortune 500®, nearly 10,000
law firms, and more than 3,000 financial institutions. CSC’s Global
Financial Markets professionals are located in key financial centers
across the U.S., Europe, and Asia-Pacific. We are a global company
capable of conducting transactions wherever our clients are―and we
accomplish that by deploying experts in every business we serve. For
more information about CSC’s services, visit cscgfm.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200430005034/en/
Contacts
Laura Crozier
Public Relations Manager
(302) 636-5401 x65526
CSC News Room