Mourant opens for business in San Francisco

27.11.2006

Mourant has expanded its North American business with a new office in San Francisco. The new office complements Mourant’s existing offices in New York, London, Luxembourg, Cayman, Dubai, Jersey and Guernsey.

Mourant provides fund administration services to the private equity, real estate and hedge fund industries and currently administers over $100 billion in these asset classes. Recognising the increasing demands of sponsors and investors, Mourant’s aim is to provide a seamless cross-jurisdictional service to the alternative investment industry.

The new office is located at 505 Montgomery Street, in the heart of San Francisco’s financial district, and will focus on extending Mourant’s existing fund administration capabilities by providing accounting, administration, tax compliance, and cash management services to fund sponsors.

Michael Derrick, formerly of HSBC, has joined Mourant as the head of the new San Francisco office. Michael has extensive experience with both hedge and private equity funds.

Steven Davidson will continue to lead Mourant’s US administration business, based in New York. Mourant’s New York office was opened in February 2005 and currently has a team of over 25 experienced professionals. Steven said:

"We are delighted to be increasing our servicing capabilities in the US at a time when substantial funds are being raised around the world and we are excited to have Michael on board. We are in a position to offer a broad range of services to both onshore and offshore funds in the US and Europe. We believe that our combination of high quality people, client focus, multi jurisdictional coverage, and in-depth experience will differentiate us in the market."