Fund services provider Maples Fund Services has opened an office in Boston as it seeks to expand its North American presence.
The Boston office will be a full-service office that will cater to both US domestic and offshore funds looking to be serviced by a Maples Fund Services team physically present in the United States.
Jason Brandt, regional head of fund services – North America, will lead the Boston team, while continuing to have management responsibility for the entire North American fund services business.
Domenic Rinella, senior vice president, and Joshua Poirier, vice president, have joined the team in Boston to focus on client relationship management.
“On the back of our recent strategic acquisition in Asia, we are extremely positive about the continued global expansion of our fund administration business through the opening of the Boston office,” said Scott Somerville, chief executive officer of Maples Fund Services.
Brandt said: “We believe there is significant long-term opportunity in this market segment. Our Boston office will provide us further opportunity to diversify our service offering with universities, endowments, family offices and private equity firms, which are heavily concentrated in Boston.
“A Boston presence increases business development flexibility in targeting clients who want a local US-based administrator and it also provides us with the ability to work more closely with onshore law firms and service providers.”
Maples Fund Services, US/Canada, Cayman, Jason Brandt