Helvetic Adds Capita's Gibraltar Fund Admin. Business

Mar 29 2011 | 12:47pm ET

Helvetic Fund Administration has jumped into the fund administration consolidation game, acquiring Capita Financial Administrator's Gibraltar office.

The Rock's first fund administrator said it has completed the integration of Capita's team and £500 million in assets.

"We have now completed the full integration of Capita Financial Administrators (Gibraltar) Ltd into our operations and welcome new staff members to our company," CEO Nicola Smith said. "We are known for our experience, expertise and high service levels in Gibraltar and are pleased that not only have we been able to retain jobs, but we have also accomplished this with zero disruption to clients during the integration process. Adding over £500 million to our assets under administration positions us as clear leaders in our industry in Gibraltar and provides us with a sound basis for the future growth of our business internationally."

Capita Gibraltar's former parent, Capita Financial Group, continued to offer its Gibraltar office outsourced back-office operations until the deal closed.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note