Custom House Global Fund Services Ltd and Equity Trust have completed the formal merger of Equity Trust’s Fund Services Business and that of Custom
Custom House Global Fund Services Ltd and Equity Trust have completed the formal merger of Equity Trust’s Fund Services Business and that of Custom House. The merger, which was announced in May, has now received regulatory approval in the various jurisdictions in which Custom House and its subsidiaries operate and is effective from 2 September 2008.
The merged businesses will operate through “Custom House Global Fund Services Ltd”, a Maltese-based Category 4 Licensed company. In addition to the Maltese office, Custom House Global Fund Services Ltd will operate through Custom House offices in Dublin, Luxembourg, Chicago and Singapore, as well as offices in Guernsey and the Netherlands.
The combined businesses have total assets under administration of USD50 billion, acting for approximately 210 managers, through approximately 610 funds (including sub-funds).