Maples Fund Services Opens SF Office, Hires Knapp for P2P Lending Push

Jul 21 2015 | 10:59am ET

Maples Fund Services has expanded its operations through the establishment of a San Francisco office and appointment of Greg Knapp as senior vice president for client solutions and relationship management. 

The expansion further solidifies the company’s North American presence and bolsters its service offering for clients in the region, according to a press release. Additionally, the office will give MaplesFS greater exposure to the local community of investment managers, institutional investors, and service providers in the area, including Silicon Valley.

The explosion of marketplace and peer-to-peer lending is increasingly attracting hedge funds, which are recognizing the sector’s potential as a long-term investment opportunity and an alternative to traditional bank debt. Accordingly, the company believes demand will increase for service providers who can provide the resources and expertise to support the industry’s advancement.

“MaplesFS is recognized globally for its proprietary technology and unique client service model and we are always looking to capitalize on opportunities to showcase this,” said Tyler Kim, MaplesFS’ CIO and global co-head of fund services, in the release. “Our legacy of innovation is a natural fit with what the west coast market, and the Silicon Valley in particular, represents and we look forward to continuing to develop and diversify our fund services offering.”

Knapp will lead the new San Francisco office. He brings over 15 years’ experience in financial services with a focus on business development, having previously held senior positions with a number of global fund services and fund administration firms. 

“We are thrilled to welcome Greg to Maples Fund Services and look forward to his support as we grow our U.S. presence,” said Brandt. "He brings strong relationships, an in-depth understanding of the local market, and expertise in the marketplace and peer-to-peer lending space that will be invaluable as we establish our reputation and offering in the region.”

Scott Somerville, MaplesFS’ Chief Executive Officer added, “The success we’ve realized following the launch of our Boston office last year has been tremendous and further confirms the opportunity we see in the U.S. market. We remain as committed as ever to strengthening our presence and offering in the region and look forward to this next phase of growth.”

MaplesFS, through its divisions Maples Fund Services and Maples Fiduciary, is an independent global provider of specialized fiduciary, accounting and administration services.

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