GlobeOp Financial Services (LSE:GO.) is relocating and expanding its current Dublin office to serve increased demand from funds based in or extending into Europe.
Vernon Barback, GlobeOp president and chief operating officer said: "We see continued European market growth in areas where we offer specialist expertise and can leverage our global technology platform - such as large complex portfolios and managed accounts. Europe is becoming a key onshore regulated market as more funds prepare to re-domicile there to access investors. In addition to offering the quality and scope of sophisticated services these funds experience offshore, we will partner with them to develop new marketing, investor and regulatory solutions."
GlobeOp's Dublin office offers full fund administration and middle-back office services including fund accounting and reporting, share registry and transfer agency services, and investor communications. UCITS funds and QIFs are supported with independent portfolio and over-the-counter (OTC) derivative valuations, distressed debt processing, integrated risk analytics and aggregated reporting.
Services offered in Dublin are fully integrated in GlobeOp's annual Service Organization Controls SOC 1 Type 2 examination (also known as ISAE 3402/SSAE 16; formerly SAS 70 Type ll).