MJ Hudson has closed on its acquisition of Bridge Group after the Central Bank of Ireland approved the deal.
Bridge Group a super management company (ManCo), which offers a range of regulatory compliance, domiciliation and related services, including third party management services, under both the UCITS and Alternative Investment Fund Managers Directive (AIFMD) regimes.
The merger will add 35 staff to MJ Hudson’s third party management, regulatory, administration, and reporting team in the firm’s Republic of Ireland office.
It will also see 100 new asset manager clients, with an aggregate of more than €120 billion in assets.
MJ Hudson now has full ManCo, and regulatory service coverage across the UK, Channel Islands, Luxembourg, and the Republic of Ireland.
Matthew Hudson, CEO of MJ Hudson says: “We are delighted to welcome the Bridge team to our group, following our decision to merge our businesses, back in October.”
“The acquisition adds 35 excellent people and strengthens our platform of third party management and related services for asset managers, extending the services we can provide to the clients of our newly joined firms,” Hudson adds.
In January, MJ Hudson also acquired the fund and portfolio performance specialist PERACS.
PERACS is the fourth acquisition that MJ Hudson has made in the last two years into its data and analytics division.
