CSC announced its Fund Services expansion into Ireland as part of its long-term strategy to provide global clients access to its suite of fund administration, capital markets, and depositary services. CSC is headquartered near Wilmington.
After a six-month application process with the Central Bank of Ireland, CSC has been licensed to provide its Fund Services offering in one of Europe’s financial centers.
“Ireland continues to enjoy a reputation as a dominant European and global fund administration center,” says Liam McHugh, managing director of Fund Services for CSC. “Given the current trend of consolidation and M&A activity amongst competitors, we feel we are well placed entering the market as a privately owned partner with a more than 120-year history. Our long-term stability, as well as our client-centric approach, is highly valued by our clients.”
McHugh will head the office in Dublin.
CSC works with 60 percent of the top 100 global alternative asset managers, providing specialized outsourcing services to them and their advisors in the U.S., Europe, and Asia. Alternative assets can include private equity, venture capital, real state and other options that are not stocks, bonds or cash.
“Unlike other providers, one of our greatest strengths is that our professionals in the United States, Europe, and Asia-Pacific work as one team to deliver fully complementary and multi-jurisdictional solutions,” says John Hebert, senior vice president of CSC. “Our global capabilities and team-based approach enables us to work in partnership with our clients regardless of market, service, asset type, or location—so we’re positioned to make our client’s interests our top priority.”
For more information about CSC’s Fund Services business, visit cscgfm.com.