GlobeOp Expands Dublin Operations

Oct 5 2011 | 7:53am ET

Hedge fund administrator GlobeOp Financial Services is expanding its Dublin office in response to increased demand from funds based in or looking to expand to Europe.

Said Vernon Barback, GlobeOp president and COO: “We see continued European market growth in areas where we offer specialist expertise and can leverage our global technology platform—such as large complex portfolios and managed accounts. Europe is becoming a key onshore regulated market as more funds prepare to re-domicile there to access investors. In addition to offering the quality and scope of sophisticated services these funds experience offshore, we will partner with them to develop new marketing, investor and regulatory solutions.”

The expanded Dublin office, which will also move to a new location, will offer fund administration and middle-back office services including fund accounting and reporting, share registry and transfer agency services, and investor communications. UCITS funds and QIFs are supported with independent portfolio and over-the-counter (OTC) derivative valuations, distressed debt processing, integrated risk analytics and aggregated reporting.

Established in 2000 and headquartered in New York and London, GlobeOp has over 200 clients, about 2,000 employees and administers assets worth $170 billion.

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