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PFPC establishes fund services operation in Poland

PFPC, a member of the Wilmington, Delaware-based PNC Financial Services Group, has announced plans to launch fund administration and hedge fund services in Poland this month, following the establishment last year of a depositary services operation in Luxembourg and of a sales office in London.

Located in Wroclaw, the country's second largest financial services centre, the new office will expand PFPC's European presence and enhance its middle- and back-office service offerings. PFPC will provide similar services to those currently offered through PFPC International's operations in Dublin, Navan and Wexford in Ireland and in Luxembourg.

'This expansion continues PFPC's strategic initiative to support our growing book of existing business, while advancing our capabilities to absorb new business efficiently,' says president Steve Wynne. 'In Wroclaw, PFPC will also be able to access a new pool of qualified financial services professionals, from experienced specialists to new graduates.'

Wroclaw, the capital of Lower Silesia, is located in south-western Poland on the River Odra. The city boasts a strong labour market and is home to a large university centre with more than 130,000 students. PFPC has partnered with universities in the US and Europe to offer an accredited fund accounting course to business students.

PFPC is a provider of processing, technology and business solutions to the investment industry, offering sub-accounting, transfer agency, managed account, alternative investment, fund accounting, administration and custody services on assets totalling more than USD2.5trn in traditional and alternative investments.

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