Custom House Fund Services, a provider of financial services to the alternative investment sector, has acquired the majority of the US clients of the former Dundee Leeds Management Services.
The transition became effective 1 June and represents USD1billion in assets.
Custom House has AUA in excess of USD20 billion, eight offices worldwide and over 220 employees.
Along with expansion in Asian markets and enhancements to its proprietary Gateway technology platform, this deal builds upon the strong momentum of Custom House since its separation from TMF Group earlier this year.
“We know that our former clients will be well served by Custom House, which has long been recognised for their service-focused administration services,” says Jean Francois Thibault (pictured), Chief Administration Officer, Dundee Corporation.
“It has been gratifying that the management of Dundee Leeds and their clients recognise our commitment to the industry and strong management team,” says Mark Hedderman, CEO, Custom House. “The choice of Custom House by these new clients to handle their fund administration business is a clear reflection of our independence and history of successful client partnerships that are in the best interests of all parties.”
