MainstreamBPO has expanded its presence in New York with the opening of a new office for its hedge fund administration business.
Byram Johnston, chairman and managing director of MainstreamBPO, will oversee the new operations.
Johnston said: “A North American presence is the next phase in the group’s execution of its client growth strategy.”
The New York office, located in Manhattan, will serve as a business development base for the group’s North American and Caribbean fund administration business.
MainstreamBPO already has offices in Australia, Singapore and Hong Kong.
Johnston said: “After the success of our offices in Asia we have been evaluating international markets to further expand our hedge fund administration business.”
“We are positive on the growth outlook for hedge funds in North America in terms of assets under management. It is important for us to expand our presence and cement relationships with local onshore managers as well as partner with existing clients looking to establish US based inflows.”
