Waystone, a provider of specialist services to the asset management sector, has entered into an agreement with T. Bailey Holdings Limited to acquire T. Bailey Fund Services (TBFS), which will strengthen its presence in the UK Authorised Corporate Director (ACD) market. TBFS is an independent, fully-hosted ACD and fund administration service provider to the UK fund management industry, with more than 15 years’ experience in running and administering funds. Together, Waystone and TBFS will have ACD-related assets under oversight in excess of GBP10bn (USD13.7bn).
