© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition
Posted 7th May 2015

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland's Acquisition

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

View Biography
Image

Michael Sweeney – 
Legal Advisors to Phoenix

Global advisory, fund administration and fiduciary services firm Maitland has acquired 100% of Phoenix Fund Services, a UK based company offering bespoke outsourced fund administration services to investment managers in the UK and offshore.

The deal boosts Maitland’s assets under administration by £6.2 billion (USD $9.3 billion) to over £140 billion (USD $210 billion) and heralds its entry into the fund administration sector in the UK where it has an established private client and corporate services business.

Phoenix Fund Services provides fund set-up, fiduciary oversight and fund administration services to traditional fund managers in its capacity as an Authorised Corporate Director (ACD) and fund administrator. It also acts as an Alternative Investment Fund Manager (AIFM) and fund administrator to Investment Trusts, NURS and alternative fund structures. Maitland, which has existing AIFM capabilities in Luxembourg, will leverage Phoenix Fund Services’ UK presence to grow its share of the traditional long-only and alternative fund administration outsource market in the UK and Europe.

Maitland CEO Steve Georgala says: “Acting as a UK ACD, AIFM and fund administrator will be core to Maitland’s offering through this exciting acquisition. Maitland brings its industrial-strength systems to the deal as an integrator of best-of-breed technology. Phoenix brings its highly skilled administration professionals in a market where talent and knowledge are major differentiators.”

“In an increasingly complex and regulated industry, fund managers are seeking to outsource the entire administration value chain in order to concentrate on their core business. The era of the one-dimensional fund administrator is over. The leaders will be those who can partner with clients in an advisory capacity as well as provide the right, world-class platform and guidance for product construction and innovation,” says Mr Georgala.

Patric Foley-Brickley, MD of Phoenix Fund Services, says: “This deal is extremely positive for our clients and our staff. The ability to leverage Maitland’s balance sheet and institutional processes and systems (including InvestOne, Advent Geneva and Investran) will enable us to offer our high quality fund administration services to a wider variety of clients and fund structures.

“The acquisition will give us a strong foundation to continue building our business based on our solid reputation for first class administration and customer service,” says Mr Foley-Brickley.

The acquisition, which is subject to approval from the Financial Conduct Authority, takes effect from the date of receipt of such approval. Phoenix Fund Services will retain its offices and staff. The existing Phoenix Fund Services senior management team will remain as directors and will continue to fulfil key management roles within the combined organisation which will adopt the Maitland brand name.

The combined entity will offer fund oversight and administration to investment trusts, UCITS, NURS, QIS, Hedge, Private Equity, Real Estate and VCT structures across Europe.

Categories: Legal, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Enhanced Contact Center Integration: The Fuel for Stellar Customer Experience
Corporate Social Responsibility
07/06/2023Enhanced Contact Center Integration: The Fuel for Stellar Customer Experience

In the digital era, contact centers are more than just call hubs. They have transformed into multi-channel, multi-tool powerhouses, serving as the core of a company's customer engagement strategy. The success of such a strategy depends largely on how effective

Read Full PostRead - Eye Icon
What Is GDPR And 5 Regulation Trends That We Can Expect In The Following Years
News
07/10/2020What Is GDPR And 5 Regulation Trends That We Can Expect In The Following Years

The General Data Protection Regulation (GDPR) is recognized as the world’s most robust set of data protection rules that strengthen how people can access personal information about them and limit what businesses and other organizations can do with people’s

Read Full PostRead - Eye Icon
Fraud Fears as FCA Investigates Over 150 Covid-19 Related Scams
Legal
09/09/2020Fraud Fears as FCA Investigates Over 150 Covid-19 Related Scams

The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.

Read Full PostRead - Eye Icon
Institutional Investors Shy Away from Hacked Businesses
Finance
16/04/2015Institutional Investors Shy Away from Hacked Businesses

A cyber attack could cost a business its investor backing, according to new figures revealed today. A survey of Global institutional investors by KPMG found that 79 percent of investors would be discouraged from investing in a business that has been hacked.

Read Full PostRead - Eye Icon
Best In-House Global Tax Adviser – Singapore
Finance
08/06/2016Best In-House Global Tax Adviser – Singapore

NOL is the largest container shipping company listed on the Singapore Exchange (SGX). With more than 7,000 employees and offices located in over 40 countries, the Group delivers quality services through its core business, APL.

Read Full PostRead - Eye Icon
How To Choose The Best Stock Trading App In Australia
Innovation
10/10/2022How To Choose The Best Stock Trading App In Australia

The pursuit of convenience is something that people have done from the beginning of time. It is the objective of millions of scientists and researchers who toil away in labs, wearing safety goggles and clean white lab coats, labouring over prototypes. Putting

Read Full PostRead - Eye Icon
Executive Coaching – the Secret of Sustained Success
Leadership
04/05/2016Executive Coaching – the Secret of Sustained Success

Executive Coaching helps inspire leaders to transform themselves and their people to improve business results and performance, by developing skills, confidence and focus.

Read Full PostRead - Eye Icon
How Business Owners Shop for Vehicles
Innovation
16/12/2022How Business Owners Shop for Vehicles

Those who own and operate companies the use vehicles must decide on a reliable way to evaluate trucks, automobiles, vans, buses, and other products before buying them. Some organizations spend most of their money on a single expense category: new vehicles. Whe

Read Full PostRead - Eye Icon
Why Remortgaging is a Game-changer For Modern Home-owners
Finance
22/01/2021Why Remortgaging is a Game-changer For Modern Home-owners

In the UK, whilst the numbers can fluctuate, roughly 39,000 remortgages occur on a monthly basis. In fact, in the first quarter of 2019, almost 40% of property loans were remortgages - with good reason. Getting on the property ladder is usually one of the main



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow