To support its ongoing international growth, GP Fund Solutions (“GPFS”), a global independent provider of fund administration services for private asset managers, has opened its third office in the United Kingdom in Southampton.
“Southampton was an obvious choice for GPFS for our next office,” said Jay Godbole, Global Head, Client Operations. “With its easy travel links to London and our other UK offices, a highly developed professional services industry as well as graduate talent from nearby universities, Southampton is a great location for us to expand our fund administration operations,” he added.
GPFS has several offices in the United States, including its headquarters in Latham, New York. The company has grown steadily since its founding more than a decade ago, and the international expansion of the business includes UK offices in London and Brighton, and an office in Limerick, Ireland. GPFS now has more than $70 billion in assets under administration and operates from nine global offices.
“Our new team in Southampton adds further technical depth to the GPFS International business” said Ravi Nevile, Chief Commercial Officer. “Not only have many of the team previously worked together, but bring deep asset class expertise in private equity and real assets. Our recent authorization by HMRC as a Trust & Corporate Service Provider (“TCSP”) allows us to provide full fund, corporate and director services to our UK clients.”
In preparation for the Southampton office opening, last year GPFS hired Dean Tower as UK Director. Dean has more than 15 years of experience in alternative investments, and has led several real asset and private equity teams at other fund administrators and investment managers.
“I’m so glad to be part of GPFS and I look forward to growing the firm’s offerings and client base in the UK,” said Dean Tower. “Southampton is a wonderful place to work and live, and I have no doubt that we’ll be able to attract high caliber, talented professionals to service our clients from this location.”
GP Fund Solutions expects to ramp up its international expansion during the coming year, as it seeks locations and jurisdictions that will enable the company to attract top talent and serve global clients with increasingly sophisticated investment products.
