Making It Work: Centaur intending to build on success after Waystone acquisition | Business Post

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Dublin-based global fund administration and fiduciary services provider Centaur is eyeing an ongoing global expansion after being snapped up by international giant Waystone

Karen Malone, founding partner of Centaur Fund Service: the company works with fund managers all over the world, keeping track of how their investments are performing and making sure they are meeting their regulatory requirements. Picture: Fergal Phillips

The Enterprise Ireland-backed business is headquartered in Dublin, but now employs more than 220 staff across nine locations, including Bermuda, New York, London and Canada. It services more than 120 different client groups who manage in excess of $200 billion. Centaur was established by Malone, Ronan Daly and Eric Bertrand, after the trio met while working at Citi Hedge Fund Services in the mid-2000s. Despite the global economic downturn, they could see a gap in the market for fund administrators and they decided to seize the opportunity.

“We’ve never lost a client, which in the services business is quite unique,” Malone said. “We never set out to be – and probably don’t even want to be known as – the biggest fund administrator. But we certainly want to keep our reputation as the best.”

 

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