Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

50724

Waystone Group completes acquisition of Link Fund Solutions

RELATED TOPICS​

Asset servicing group Waystone has announced that it has completed the transaction to acquire the Irish and UK businesses of Link Fund Solutions (LFS), a division of Link Group, with regulatory approvals and other contractual conditions completed.

The firm writes that the transaction will see over 600 experienced professionals join the business and significantly expand Waystone’s presence in existing and new territories, including India. The firm says that with the addition of LFS’s UK ACD, Irish ManCo, Fund Administration and TA businesses, Waystone has broadened its comprehensive and global suite of services and bolstered its ability to provide clients and investors with best-in-class governance and oversight.

All of the existing LFS UK investment managers and sponsors have transferred to the Waystone Group, demonstrating clients’ confidence in the combined business post-merger. Along with the KB Associates corporate merger which finalised in late September, Waystone is now supporting asset managers with more than USD2 trillion in AUM.

The announcement follows the news that Waystone has appointed a new Global CEO, Sanjiv Sawhney. Sanjiv will join Waystone from Citi, where he led global and regional Investor Services teams for the last 15 years.

Nancy Lewis, Interim Executive Chair, says: “After months of hard work from both teams and multiple regulatory bodies, we are delighted to welcome all LFS staff to the Waystone family. This is the start of a new chapter for both businesses, building a stronger platform – with further international expertise and capability – to service our current and future clients.”

Karl Midl, CEO of Link Fund Solutions, says: “This is an exciting moment for the team and our clients. Together, we will be able to provide current and new sponsors, clients and investment managers with a more comprehensive set of services to support their, and their investors’, needs as they continue to evolve and grow.”

Latest News

Tradeweb Markets Inc, global operator of electronic marketplaces for rates, credit, equities and money markets,..
A new survey conducted by the independent global investment consultancy, bfinance, on the topic of..
Brown Brothers Harriman & Co has announced the launch of InfuseDX, described as a completely..

Related Articles

Cameron Joyce, Preqin
Alternatives data provider, Preqin has published its Fundraising for first-time managers: A guide to raising capital report...
Alternatives data provider, Preqin has published its Fundraising for first-time managers: A guide to raising capital report...
Sarita Gosrani, bfinance
Sustainable infrastructure is proving an attractive asset class for long-term investors with an eye on the green transition. According to figures from the Bloomberg New Energy Finance Renewable Energy Investment Tracker, in the first six months of 2023, investors channelled USD358 billion of new capital to renewable energy projects. ..
Sustainable infrastructure is proving an attractive asset class for long-term investors with an eye on the green transition. According to..
Leanne Clements, The People's Partnership
The short-term interests of asset managers may be trumping the long-term interests of their institutional investor clients when it comes to stewardship, which has lead UK pension funds to call for urgent action...
The short-term interests of asset managers may be trumping the long-term interests of their institutional investor clients when it comes..
Vegetables
Bucking the global trend away from impact startups, French business school EDHEC has partnered with private equity firm Ring Capital to drive capital towards entrepreneurial projects that drive social and environmental change. ..
Bucking the global trend away from impact startups, French business school EDHEC has partnered with private equity firm Ring Capital..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by