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Waystone and KB Associates conclude merger

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Compliance and risk managers Waystone and KB Associates (KBA), an Irish UCITS management company, have announced the successful conclusion of the merger of KBA into the Waystone Group.

The merger of Waystone’s and KBA’s management companies in Ireland combines KBA’s UCITS expertise with Waystone’s pre-eminence in alternatives, creating a management company with AUM of EUR175 billion, the firm writes.

The addition of 100 KBA consultants in Ireland, London and Luxembourg allows Waystone to offer expert advice and an extensive suite of services to clients worldwide, the firm adds.

Concurrent with the corporate merger, an enhanced governance structure has been implemented along with a consistent operating model across locations, enabling the businesses to deliver a single global solution.

The completion of this corporate merger comes as Waystone nears the finalisation of its acquisition of Link Fund Solutions. These acquisitions represent significant milestones in the company’s history as it continues to strengthen its market position.

Rachel Wheeler, CEO of Global Management Company Solutions at Waystone, says: “The integration programme team have worked incredibly hard over the last six months to ensure a true and seamless integration of KBA into the Waystone Group. The integration has facilitated the implementation of a new and simplified operating model meaning we are now even better equipped to provide comprehensive and innovative solutions to our clients as they continue to navigate an increasingly complex regulatory landscape.”

Andrew Kehoe, CEO of Waystone Management Company (IE) Limited, says: “Having now truly integrated our highly successful and complementary organisations, we look forward to delivering substantial benefits to our clients. By combining the expertise and depth of experience of both organisations, we’ve expanded our suite of services to create an unrivalled ManCo offering.”

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