Four Capital Partners selects BoNY fund administration and custody services

Source: Bank of New York

The Bank of New York, a global leader in securities servicing, has been selected by FOUR Capital Partners (FOUR), a recently launched investment management boutique, to provide corporate trustee services, fund administration, fund accounting and global custody for its proposed range of institutional equity funds.

FOUR was founded by Chris Rodgers, Ted Williams and Tom Carroll, all former fund managers at Schroders, and Derrick Dunne, co founder of multi-manager adviser Attica, to develop traditional and hedge fund business directed at institutional investors. Initially investments will be managed in two Dublin domiciled UCITS III funds, one long-only and one long-short fund.

Richard Muckle, chief operating officer of FOUR, said, "We appointed The Bank of New York, following an in depth selection exercise, as they demonstrated the ability to provide a full range of services to meet our business needs including a wealth of experience and proven competency in managing funds out of Dublin. The team showed total commitment to our current and future needs and have offered extensive advice and support."

Andrew Bell, executive vice president and head of European Global Investor Services at The Bank of New York, said, "We are excited at the opportunity to be involved right from the launch of an innovative new investment management company that has significant growth prospects, and further demonstrates the quality of our offshore servicing capabilities in Ireland."

The Bank of New York recently became the sole owner of the AIB/BNY Securities Services Ltd joint venture in Ireland, and now employs 600 staff in Dublin and Cork servicing over $200 billion of onshore and offshore assets.

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