MaplesFS Continues Middle East Expansion
MaplesFS, a leading independent global fund and fiduciary services provider, has further expanded its presence in the Middle East. Driven by strong growth in its client base, the firm has significantly increased its office space in the Dubai International Financial Centre to support both new and existing clients.
The firm’s reputation, exceptional client service standards and best of breed infrastructure continue to fuel its growth. New mandates across all fund structures and strategies are based on the improvement in the regions’ economic activity, particularly around increased launches in private equity, real estate and hedge funds. Recently, the firm has been successful in winning a number of sizeable mandates, resulting in an overall increase in AuA of more than US$1 billion.
MaplesFS is a leading service provider within the region and the only service provider with a dedicated team on the ground providing professional services to MENA’s largest and most established managers. In Global Custodian’s recent client survey, released August 2013, MaplesFS was the only service provider to receive a top rating in the MENA region, with Best in Class ratings across all areas of service.
"The growth strengthens our dominant position as the fund services provider of choice to the region’s largest managers and institutional investors," Fred Tabbal, Regional Head of Fund Services – Middle East, said.
The office expansion is another milestone in the firm’s commitment to the region at a time when fund launches and demand for bespoke fund administration services are increasing, and when many service providers are consolidating and scaling down their operations.
Categories: Hedge Funds