The North American Fund Administration Association (NAFAA), founded by fund services veteran Chris Meader, continues to grow its membership with two new fund administrators.
Centaur Fund Services and Circle Partners have become the sixth and seventh fund administrator to join the group, which will now look at establishing best practices and standards for the US fund administration industry.
“We are proud to play a part in defining best practices and standards in fund administration. The NAFAA has already gained a solid reputation as a voice for the fund administration industry and we look forward to working with this important group as the industry grows and develops,” said Des Johnson, CEO, Centaur Fund Services US.
Meader, the former services veteran at JP Morgan, Citi and State Street, added NAFAA will launch a series of working groups in November with the focus to discuss and define best practices and standards.
NAFAA’s membership also includes Ultimus Fund Solutions, Apex Fund Services, Stone Coast Fund Services, Basiz Fund Services and North Street Global.