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Waystone: Best Offshore Regulatory and Compliance Company

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Waystone, the leading global provider of specialist services to the asset management industry, has been awarded Best Offshore Regulatory and Compliance Firm for the eighth year running.  

Matthew Brown, Global Head of Business Development at Waystone, comments: “Over the past 18 months and with the challenges presented by the Covid-19 pandemic,  Waystone has been providing its clients with a consistent level of high-quality service. The Our established infrastructure has allowed us to continue to develop our products and services to meet the needs of our clients, and we have been able to adapt quickly to any changes to ensure a continuation of high-quality services to our clients across the globe.”  

Waystone’s extended range of services supports the increased demand seen across the asset management industry and includes diversification across asset classes and geographies. “Something that we have forecast previously is that clients are now looking for a truly global solution,” says Brown. “Our global expansion, in terms of service lines and jurisdictions, means we are well placed to help emerging and institutional asset managers with these challenges.” 

The industry as a whole is seeing increased regulatory complexities, which is driving heightened levels of governance, risk and compliance. Clients are therefore seeking a regulatory solution at the management company level. 

Client demand

Brown points to the integration of Waystone’s regulatory compliance business as a solution to this client demand across Europe, the Middle East and North America. “Bringing together these regulatory compliance solutions has been extremely well received by our clients,” he comments. It is an approach that has resulted in an influx of new business for Waystone. “Inflows into the hedge fund industry have been increasing significantly over the last 12 to 24 months, which is most likely a reflection of the performance of the liquid instruments in the market,” Brown says.  

“From the private asset side, Waystone is extremely well-placed; as well as supporting hedge funds we have experience across all asset classes and we are equally equipped to support illiquid investment strategies in private equity real estate, venture capital, and infrastructure,” he adds. 

Despite moving past the peak of the pandemic and the beginnings of something approaching a normal office life, many people are still choosing to work from home and international business travel is yet to resume at anything near to pre-pandemic levels. Fortunately, the technology is now available to support an ongoing ‘hybrid’ approach in the sector. This flight to technology means that, should there be an urgent need to launch a product or implement a solution for a regulatory obligation, it can be done immediately. 

Looking to the future, Brown believes that support from global central banks will remain steady, and that alternative investments will continue to increase. “We have seen some star performers make their names in the industry recently, and we are seeing a firm commitment from institutional allocators to encourage and support new launch investment managers, and, of course, from acorns mighty oaks grow,” he says. 

Brown concludes: “At Waystone, we support both institutional clients and new and emerging managers. We are currently seeing a very healthy pipeline of new entrants into the market, and we look forward to continuing to support and guide them on their journey.” 

Matthew Brown, Global Head of Business Development, Waystone
Matthew Brown leads all aspects of client service delivery across the North America region. Brown has a wealth of experience as a new business executive who has operated in the equities, investments, trading and hedge fund markets. He has a successful track record in building teams, providing significant ROI, and developing strong networks in markets, such as Europe and the Middle East.

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