Hedge fund administrator GlobeOp Financial Services has opened a fourth office in Mumbai, and plans to increase its headcount in the city to 2,000.
The firm has launched a 46,700 sq. ft. hedge fund administration and data center in Airoli, on the eastern side of Mumbai. It is located in the same business complex as the firm’s third Mumbai office. Two additional offices are located in Malad.
GlobeOp says the new addition to its network will increase its capacity to meet growing client service demand and enhance business continuity planning.
Client services at the new office include integrated middle and back office, fund administration and risk reporting services, paralleling those offered at the other three Mumbai offices. Advanced conference and meeting room facilities expand GlobeOp’s capacity for client and prospect due diligence meetings, as well as continuous employee training programs.
Established in 2000 and headquartered in London and New York, GlobeOp serves approximately 200 clients worldwide, representing $173 billion in assets under administration.