Maples Fund Services has opened an office in Boston, expanding its North American presence.
Boston will be a full-service office that will cater to both US domestic and offshore funds looking to be serviced by a Maples Fund Services team physically present in the US.
The office will give the firm access to a tight-knit community of hedge fund, fund of hedge fund, and private equity managers, located in Boston, and it also improves its ability to be closer and more accessible to clients and their investors across the US market.
“On the back of our recent strategic acquisition in Asia, we are extremely positive about the continued global expansion of our fund administration business through the opening of the Boston office,” says Scott Somerville, CEO of MaplesFS.
Jason Brandt, regional head of fund services – North America, is leading the efforts on the ground in Boston, while continuing to have management responsibility for the entire North American fund services business.
Domenic Rinella, senior vice president, and Joshua Poirier, vice president, have joined the team in Boston to focus on client relationship management and to establish a strong foundation of experienced local market experts to serve Maples Fund Services' growing US client base.
“We believe there is significant long-term opportunity in this market segment. Our Boston office will provide us further opportunity to diversify our service offering with universities, endowments, family offices and private equity firms, which are heavily concentrated in Boston,” says Brandt. “A Boston presence increases business development flexibility in targeting clients who want a local US-based administrator and it also provides us with the ability to work more closely with onshore law firms and service providers.”
