Fund group Maitland moves into Scotland with R&H deal
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Maitland has acquired R&H Fund Services Limited from its Jersey-based parent, R&H Fund Services (Jersey) Limited. The Edinburgh-based business focuses mainly on the investment trust sector and currently services eight funds.
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Hide AdThe deal marks an expansion move for Luxembourg-headquartered Maitland following the acquisition of UK-based Phoenix Fund Services and the opening of offices in Miami and New York. Maitland said there will be no disruption to the R&H office following the move.
Steve Georgala, chief executive of Maitland, said: “Given its importance as a regional financial centre, Edinburgh presented itself as a logical next step in our ambitious global growth programme.
“The excellent track record of R&H Fund Services’ Scottish business makes it a perfect fit for us.”