INDUSTRY NEWS

HedgeServ seal deal for new London office

Highly ranked global fund administrator, HedgeServ, has underlined the important of London as an international base whilst displaying their desire for expansion on an international level with the opening of new London offices.

Founded in 2007, HedgeServ is said to have more than $115 billion in assets under their administration.

The company boasts an employee base of around 400, spread across offices in Dublin, New York, Chicago and Grand Cayman.

The new London building, located at Upper Brook Street, will act as a base for accounting and middle office employees, as well as focusing on business development with hedge funds, private equity funds and institutional investment managers.

President of HedgeServ, Justin Nadler said in a press release: “Our entry into London reflects our commitment to answering the global demand for HedgeServ’s innovative, high-quality fund administration services.”

He continued, adding: “We are well-positioned to deliver local expertise to clients through our growing London presence and our established Dublin office, with 250 experienced fund accounting, middle-office operations, and investor services professionals.”

The move backs recent reports which show overseas investors remain keen on London as it remains stable during the global economic recovery.

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