Fund and corporate services provider the Aztec Group has opened its first office in the US, in a bid to establish itself as a global provider of administration services to the alternatives industry.
Located in Philadelphia, the office is the group’s first outside Europe. Aztec now administers more than $530bn in assets across seven offices in Guernsey, Jersey, Luxembourg, the Netherlands, the UK and the US.
The US office will specialise in the provision of fund and corporate accounting and administration services to the private equity, venture capital, infrastructure, real estate and private debt sectors.
The office is led by Mike Wood (pictured), a Director and longstanding employee of the firm. Mike has been based in the Jersey office for the past 15 years, leading a portfolio of global private equity and venture capital clients.
He will be responsible for driving the development of the group’s US presence alongside Lynne Westbrook. An American national, Lynne has more than 20 years’ experience with US fund managers and, more recently, as European lead at JP Morgan’s fund administration division.
Aztec Group Chief Executive Officer Edward Moore commented: “Many of our clients and intermediaries are based in the US or have significant operations in the region. Establishing an office in Philadelphia, a city with deep roots in financial services and close to other major financial hubs, was the next clear strategic move for the group as we continue to grow.”