Custom House Administration & Corporate Services Limited has surpassed $30 billion in client assets under administration as of the end of October, representing a growth rate of close to 45% so far in 2007 building on AUA of $20.8 billion at the end of 2006.
The firm also announced that its representative offices in Chicago and Singapore have nearly doubled in size since April 2007 and continue to grow with 37 and 31 employees in each office respectively.
The Singapore office was launched in January of 2007 and is enjoying rapid growth along with that of the Asian hedge fund industry. The Dublin headquarters now has 145 employees.
“We are proud of our continued growth and truly global footprint, which few administrators can match. Our growth is also indicative of our reputation for providing top-tier and customised services to our clients based on their needs and specific complexities of their fund offerings,” says Dermot Butler, chairman of Custom House.
“We look forward to continued growth – particularly in the context of daily dealing NAV funds, which now represent over 20% of our client portfolio – and introducing new and innovative solutions for our clients,” adds David Blair, managing director, Custom House.