Standish Management is set to acquire Halsey Group, a Luxembourg fund and corporate services provider.
As part of the deal, Halsey Group will change its name to Standish Management Luxembourg, subject to regulatory approval.
Owen Kiely, head of Europe at Standish Management, said: "We are delighted to welcome the Halsey Group team to Standish as the first step in our long-term strategy of expanding our global servicing capabilities. With interest growing for European-domiciled fund vehicles, on top of the EU Alternative Investment Fund Managers Directive, Luxembourg has emerged as the leading European domicile for alternative asset funds.”
Kiely added: “By joining forces with Halsey, we believe we significantly strengthen our ability to serve the evolving administration needs of our existing and future clients in Europe.”
Christophe Gammal, managing director of Halsey Group, commented: “Both firms share the same client-centric culture and we believe that Standish's stellar reputation of delivering best-in-class services in the US fund administration market gives us the ideal platform to further accelerate our success in building a leading European fund administration practice. The entire Halsey team is excited to further develop their careers with Standish."
