Waystone plans to enhance its service offerings by acquiring the Centaur Group, a global fund administration provider, subject to regulatory approval.
Information on the Target
Waystone, recognized as a leading institutional provider of services within the asset management sector, is set to integrate the Centaur Group, a reputable global provider of fund administration and fiduciary services based in Ireland. This acquisition is conditional upon regulatory approval and is anticipated to substantially enhance Waystone's service offerings to both asset managers and their investors.
This marks a significant milestone in the asset management industry, as it represents the first instance of a major third-party management company (ManCo) merging with a fund administrator to complement its service portfolio, reversing the trend where fund administrators typically expand by adding management company services.
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Industry Overview in Ireland
The asset management industry in Ireland has grown rapidly over the past few years, becoming one of the foremost hubs for fund administration and management services in Europe.
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