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, is pleased to announce that, subject to regulatory approval, it has reached an agreement to join the Waystone Group.
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 USD400Bn.
Mike Kirby, KBA Founder and Managing Principal commented, “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, which has offices in fourteen locations across Europe, North America and Asia, allows us to deliver a single global solution.”
Mike Kirby 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, Waystone Global CEO, commented on the deal, “KB Associates has been the pre-eminent provider of governance and compliance services in Ireland for almost 20 years. We are very fortunate 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.”