MJ Hudson acquires Guernsey fund administrator
MJ Hudson acquires Guernsey fund administrator, adding more than £400m assets under administration.
ACQUISITION STRENGTHENS ESTABLISHED TEAM, ADDS SYSTEMS AND SOFTWARE AND SIGNIFICANTLY INCREASES ASSETS UNDER ADMINISTRATION. ADDITIONAL HIRES ANTICIPATED.
LONDON: MJ Hudson, the specialist service provider to the asset management industry, today announces the acquisition of Guernsey fund administrator Saffery Champness Fund Services Limited (“SCFS”). Completion of the transaction is subject to approval by the Guernsey Financial Services Commission.
This acquisition follows the October 2020 acquisition of Dublin-based funds service provider and Super ManCo, Bridge Group, and the October 2019 acquisition of Jersey-based fund administrator, Anglo Saxon Trust.
MJ Hudson’s business outsourcing teams provide a wide range of fund and management company services out of the key European jurisdictions: Dublin, Guernsey, Jersey, London, and Luxembourg.
This latest acquisition strengthens the established Guernsey fund administration team adding experienced staff, revenue and assets under administration. In addition, the acquisition provides access to enhanced software and systems, that can be leveraged across the firm.
Founded in 2007, SCFS´ core services include fund administration and fund accounting as well as valuation and corporate secretarial work.
Once the acquisition has been approved, the firm will trade under the MJ Hudson brand.
Nick Batiste, Managing Director of Saffery Champness Registered Fiduciaries, said
“This is an important step forward in our evolution as a firm, as we continue to deepen our focus on our core business. MJ Hudson not only has significant synergies with our business model and corporate values: the firm also shares our steadfast commitment to excellent client service. We wish the team all the best for the future with MJ Hudson.”
Mark Pattimore, Managing Director of International Administration at MJ Hudson said:
“We are pleased to welcome the SCFS team and its clients to MJ Hudson. This acquisition adds scale and expertise to our existing Guernsey operation and our dedicated funds infrastructure and alternatives expertise will benefit SCFS´ many fund clients. We look forward to supporting the team as it pursues an extended new business pipeline as part of MJ Hudson.”
MJ Hudson will be selectively recruiting additional staff to further expand its services from Guernsey. Prospective applicants should contact Charlene Cowen, Head of People & Wellbeing (firstname.lastname@example.org) or Mark Pattimore (email@example.com).
If you would like to learn more, please contact:
MJ Hudson Group plc