Custom House Fund Services has acquired the majority of the US clients of the former Dundee Leeds Management Services and will now handle their fund administration business. The transition represents $1 billion in assets.
Custom House is one of the world’s largest independent fund services providers, with assets in excess of $20 billion, eight offices worldwide – including Malta – and over 220 employees.
Along with expansion in Asian markets and enhancements to its proprietary Gateway technology platform, this deal builds upon the momentum of Custom House since its separation from TMF Group earlier this year.
Founded in 1989, Custom House Fund Services provides fund administration services to more than 200 managers and more than 500 investment funds.