Waystone, a third-party management company (ManCo) provider, says it is extending its services from the fund level to the corporate level following a four-way merger between compliance providers.
The firm has created Waystone Compliance Solutions following the merger of Titan Regulation, Argus Global, CCL Compliance and ISAS.
Each firm is “an established and experienced provider of regulatory compliance services, based in North America, Singapore, the Middle East, UK and Ireland”, Waystone said, adding the service would be global.
Paul Cahill, Waystone’s chief operating officer, was central in the merger and said: “We have listened to our clients and taken on board their frequent feedback regarding the difficulties of compartmentalised compliance services. We have been challenged by our clients to solve these problems and the creation of Waystone Compliance Solutions mean we can continue to act on growth opportunities and are now in a strong position to provide clients with a truly global compliance solution that is unique in the industry.”
The compliance solutions new business is headed by Julie Dixon, founder of Titan Regulation, which provides US compliance consulting services.
Argus Global covers Asia Pacific from Singapore, while CCL Compliance was founded in the UK and also operates in the United Arab Emirates. ISAS, meanwhile, is Dublin based and led by Conor Flynn, Sinead McDonald and Martin Kerrigan. The firm has “cyber specialists” and data protection practitioners who work around data governance.
Indicative of other M&A activity in the corporate services and fund administration market, Waystone has been building its busines since 2019. It officially launched the Waystone brand in March this year after the merger of three firms that created it - MontLake, DMS and MDO.