Dowgate Capital has appointed GPP to provide fund administration and back-office support services.
As part of the deal, GPP will use its technology platform to administer Dowgate’s investment assets and provide an outsourcing solution to enable it to scale its business through its next phase of growth.
Tom Wooders, head of clearing and wealth solutions of GPP, said: “Our wealth solutions platform offers a compelling alternative to traditional administration models and its core tenets – scalability, efficiency and innovation – are clearly resonating with investment managers such as Dowgate.
“Current market conditions present a unique challenge for the investment industry, but our outsourcing solution offers the flexibility of enabling managers to reduce costs, keep pace with regulatory change and focus on their competitive advantages. We look forward to working with Dowgate to deliver these benefits and support future business growth.”
