UBS has opened a new Hedge Fund Services office in Toronto providing a range of hedge fund administration services for international asset managers.

The office, which will be located in the UBS building in the centre of Toronto's business district, will be staffed by a team of experienced professionals whowill utilise state-of-the-art technology, including web-based reporting, to provide a complete range of hedge fund administration services for UBS's important North and South American hedge fund client base,

'Toronto is a leading financial services centre with a concentration of corporate headquarters as well as associated professional services,' says Pearse Griffith, who will head up the new office. 'With a large pool of highly qualified financial and technical employees, the city offers many businesses the opportunity to grow effectively.'
 
UBS currently has Hedge Fund Services offices in the Cayman Islands, Dublin, New York and London, and is currently considering opening an office in Asia later this year. The division has USD 108 billion in assets under administration.
 
'UBS continues to invest and expand in Canada as part of its global growth strategy,' says Michael Wilson, Chairman, UBS Canada. 'With the increase in the hedge fund businesses here and abroad, Canada is an ideal location for many global firms.'

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