IQ-EQ acquires South Watch
20 May 2025 US
Image: stock.adobe.com/master1305
IQ-EQ has acquired South Watch, a fund administration, outsourced CFO support, and tax preparation service provider based in the US and Cayman Islands.
The investor services group completed the acquisition from South Watch’s majority shareholder Everlane Equity Partners.
Mark Pesco, group CEO at IQ-EQ, comments: “We’re delighted to welcome the South Watch team to the Group. Their reputation and expertise in hedge fund administration makes them the perfect addition to our US business, further enhancing our comprehensive client offering.”
The South Watch partners, Paul Timmins, Kirby Richards and David Loescher, will continue to lead the business.
As part of IQ-EQ US, Timmins becomes head of product, liquid funds. Richards and Loescher have been named co-heads of fund administration, liquid funds.
Timmins says: “Becoming part of a growing global business like IQ-EQ opens up significant opportunities for innovation, collaboration and continued growth. We see this as another powerful step forward on our journey and are motivated and excited about what the future has in store.”
Loescher adds: “For our clients this deal means immediate access to global expertise, advanced technology and a vastly expanded suite of products and services tailored to drive their business success.
“For our employees it paves the way for new career paths, professional development and the chance to work with and learn from their global colleagues across the group.”
The investor services group completed the acquisition from South Watch’s majority shareholder Everlane Equity Partners.
Mark Pesco, group CEO at IQ-EQ, comments: “We’re delighted to welcome the South Watch team to the Group. Their reputation and expertise in hedge fund administration makes them the perfect addition to our US business, further enhancing our comprehensive client offering.”
The South Watch partners, Paul Timmins, Kirby Richards and David Loescher, will continue to lead the business.
As part of IQ-EQ US, Timmins becomes head of product, liquid funds. Richards and Loescher have been named co-heads of fund administration, liquid funds.
Timmins says: “Becoming part of a growing global business like IQ-EQ opens up significant opportunities for innovation, collaboration and continued growth. We see this as another powerful step forward on our journey and are motivated and excited about what the future has in store.”
Loescher adds: “For our clients this deal means immediate access to global expertise, advanced technology and a vastly expanded suite of products and services tailored to drive their business success.
“For our employees it paves the way for new career paths, professional development and the chance to work with and learn from their global colleagues across the group.”
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