Waystone, a leading provider of institutional governance, risk, and compliance services to the asset management industry is pleased to announce a partnership with KB Associates (“KBA”), a leading professional services firm specialising in the provision of management company, governance, regulatory and related consulting services to the asset management industry. The agreement is subject to regulatory approval and customary closing conditions.
Headquartered in Ireland and with offices in London, the Cayman Islands, Luxembourg and Malta, KBA employs almost 100 consultants, advises over 250 international asset managers, and supports investment funds with assets exceeding €400Bn. The deal strengthens Waystone’s position as both a global leader in governance, compliance and regulation and a leading provider of management company solutions throughout Europe. The agreement also serves to demonstrate Waystone’s continued growth strategy and commitment to providing high-quality services to its global client base.
Mike Kirby, KBA Founder and Managing Principal will become Executive Chairman, Europe, and a Board member of the Waystone Group. He will be a significant investor in the combined businesses. Andrew Kehoe will become CEO of the Waystone Group in Ireland with Barry Harrington and Peadar De Barra becoming Managing Directors of the combined Irish businesses.
Derek Delaney, Global CEO, Waystone commented: “We are pleased that KBA has chosen to join our institutional partnership and we are delighted to welcome all the key management and consulting staff of KBA. This agreement brings a depth of institutional UCITS expertise along with a talented and dedicated team of close to 100 new colleagues.”
We are pleased that KBA has chosen to join our institutional partnership and we are delighted to welcome all the key management and consulting staff of KBA. This agreement brings a depth of institutional UCITS expertise along with a talented and dedicated team of close to 100 new colleagues.
Mike Kirby, Founder and Managing Principal, KBA added, “An ability to address complex regulatory and governance issues across multiple jurisdictions is increasingly important to our international client base. Becoming a member of the Waystone Group, an organisation that has operations in fourteen locations across Europe, North America and Asia, allows us to deliver a single global solution.”
An ability to address complex regulatory and governance issues across multiple jurisdictions is increasingly important to our international client base. Becoming a member of the Waystone Group, an organisation that has operations in fourteen locations across Europe, North America and Asia, allows us to deliver a single global solution.