Daiwa Unveils Corporate Director Services Aimed At Hedge Funds

Apr 16 2010 | 9:02am ET

Fund administrator Daiwa Securities Global Asset Services has unveiled a new service that will provide authorized corporate director services (ACD) to UK-domiciled hedge funds.

The new program—Daiwa Fund Asset Services (DFAS)—was launched to compliment the existing fund services provided by Daiwa Securities Global Asset Services’ UK and Irish operations, which include administration, trustee and custody services.

“We believe the shift toward regulated products, driven by investor sentiment, creates a unique opportunity for service providers with the appropriate structures in place,” said Brian Guyett, chief executive of DFAS. “The establishment of our ACD offering will leverage off our 20 plus years experience in the fund servicing industry and will be of benefit to those promoters and investment managers interested in UK domiciled products.”

Fund industry veteran Geoff Mackay will manage the operations of the new service.

Currently, Daiwa services funds with assets in excess of US$60 billion.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR