Global advisory, fund administration and fiduciary services firm Maitland has acquired 100% of Phoenix Fund Services, a UK based company offering bespoke outsourced fund administration services to investment managers in the UK and offshore.
The deal boosts Maitland’s assets under administration by £6.2 billion (USD $9.3 billion) to over £140 billion (USD $210 billion) and heralds its entry into the fund administration sector in the UK where it has an established private client and corporate services business.