Trust and corporate services provider Equiom has snapped up HF Fund Services, which has operations in the Cayman Islands and Ireland.
Financial terms of the transaction have not been divulged.
HF managing director Sean Flynn called Equiom a “sound fit”.
Flynn noted: “Going forward, our clients can still expect the same high service standards they are used to, but with the added benefit of gaining access to the international reach and expertise of a global group which is committed to providing a comprehensive offering to investors and asset managers.”
The acquired entity offers independent non-executive directors to alternative investment funds and investment management firms, focusing on blue-chip institutional clients.
Its director team has experience in diverse backgrounds covering fund administration, investment management as well as law.
The team will join Equiom as part of the deal.
Equiom CEO Mark Porter said: ‘HF represents a strategic investment into our funds governance capability. Our focus is on providing services from tier 1 fund jurisdictions to high quality asset managers in key global financial centres.
“This capability is highly complementary to our existing fiduciary service model and allows us to extend our service offering for clients looking for fund servicing capabilities, particularly in alternative asset classes.”
Earlier this month, Equiom acquired Dutch trust and corporate services provider Borean Corporate & Financial Services BV.