Maples Fund Services establishes West Coast presence with the opening of its San Francisco office

Maples Fund Services, a leading independent global fund services provider and division of MaplesFS, has announced the opening of its office in San Francisco, its first on the west coast. The expansion further solidifies the firm’s North American presence and bolsters its service offering for clients in the region. Additionally, the office will give MaplesFS greater exposure to the tightknit local community of investment managers and institutional investors, as well as the broader network of service providers, in the area.

“MaplesFS is recognised globally for its proprietary technology and unique client service model and we are always looking to capitalise on opportunities to showcase this,” said Tyler Kim, MaplesFS’ Chief Information Officer and Global Head of Fund Services. “Our legacy of innovation is a natural fit with what the west coast market, and the Silicon Valley in particular, represents and we look forward to continuing to develop and diversify our fund services offering.”

While the Silicon Valley has a long-established reputation as a centre for technological innovation, there is a burgeoning asset management industry primed for significant growth. With the recent explosion of marketplace and peer-to-peer lending, hedge funds are beginning to recognise the sector’s potential as a long-term investment opportunity and an alternative to traditional bank debt. This will, in turn, drive demand for service providers who can provide the resources and expertise to support the industry’s advancement.

Maples Fund Services is uniquely positioned to capitalise on this opportunity and boasts an optimal balance of best-of-breed core systems and bespoke proprietary systems that allow the firm to be dynamic in responding to clients’ needs as they evolve in response to industry and investor demands. This forward-thinking approach has been consistently acknowledged by the industry. In addition to numerous awards, the firm has been included on the Institutional Investor Tech 50 list for three consecutive years. The annual feature is a who’s who of financial technology leaders whose vision helps translate innovation into operational and competitive advantage.

Greg Knapp joins the firm as Senior Vice President – Client Solutions and Relationship Management, to lead the San Francisco office. He brings over 15 years’ experience in financial services with a focus on business development, having previously held senior positions with a number of global fund services and fund administration firms. He will be supported by Kim and Jason Brandt, MaplesFS’ Regional Head of Fund Services – Americas to manage relationships and deliver innovative solutions to new and existing clients while supporting the continued growth of the fund services business.

“We are thrilled to welcome Greg to Maples Fund Services and look forward to his support as we grow our US presence,” said Brandt. “He brings strong relationships, an in-depth understanding of the local market, and expertise in the marketplace and peer-to-peer lending space that will be invaluable as we establish our reputation and offering in the region.”

Scott Somerville, MaplesFS’ Chief Executive Officer added, “The success we’ve realised following the launch of our Boston office last year has been tremendous and further confirms the opportunity we see in the US market. We remain as committed as ever to strengthening our presence and offering in the region and look forward to this next phase of growth.”

Maples Fund Services’ San Francisco office is located at 201 Mission Street, 12th Floor in San Francisco. For more information on Maples Fund Services, visit http://www.maplesfundservices.com/.

ENDS
About MaplesFS
MaplesFS, through its divisions Maples Fund Services and Maples Fiduciary, is an independent global provider of specialised fiduciary, accounting and administration services. With offices in key locations around the world, our clients include global financial institutions and investment management firms. Combined with a wide range of expertise in accounting, company management, corporate, fiduciary, trust and fund administration, MaplesFS is able to offer professional and comprehensive services that are tailored to client requirements. We have close ties with international law firm of Maples and Calder and provide professional and timely advice that draws upon the jurisdictional knowledge and experience of our staff.

About Maples Fund Services
Maples Fund Services is a leading independent global fund services provider operating in key onshore and offshore financial centres including Boston, the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal, New York, San Francisco and Singapore.

Working within these key jurisdictions, we provide customised fund services to the diverse and sophisticated needs of our clients and their investors. Our expert teams and leading technologies provide clients with high-quality service and consistent and timely reporting. As a firm recognised internationally by managers and investors for its quality and professionalism, our clients are confident in the integrity and independence of our policies and procedures, and in the ability of our adaptable solutions to address their ever-changing needs.

Maples Fund Services celebrates 10 years of excellence in 2015. Since its launch in 2005, Maples Fund Services has continued to evolve, today taking its place at the forefront of the outsourced fund administration sector. Its commitment to exceptional client service and forward-thinking innovative solutions is a testament to the firm’s ever-growing success.