TMF Group completes Channel Islands acquisition

Posted: 10/09/2019

Global business services provider TMF Group has completed the acquisition of State Street’s private equity and real estate fund administration business in the Channel Islands.

According to TMF Group, the acquisition, announced in December, means it now has more than $125bn in client assets under administration within fund services. The firm provides fund services, including fund administration and depositary services, in some 80 jurisdictions worldwide. 

In Jersey, the acquisition of State Street’s private equity and real estate business adds fund administration to its existing corporate and trust services, while in Guernsey, it complements the recent acquisition of fund administration business Gentoo.

Mark Weil, CEO of TMF Group, commented: “The combination of State Street’s private equity and real estate services and TMF Group’s funds platforms means we can serve funds clients around the world with a single, consistent service model.”

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