Maples Fund Services, a fund services provider, has launched its restructured fund administration business, formerly operating as Maples Finance.  

The announcement is part of the global restructuring of the Maples Finance business, which now operates as MaplesFS, with various business divisions including Maples Fund Services.

“With our new brand, Maples Fund Services is now positioned as a fully outsourced solutions provider,” says Scott Somerville, chief executive of MaplesFS. “Over the past 18 months, we have committed a significant amount of resources to Maples Fund Services, building out a best of breed  operational infrastructure and technology platform, re-organising our executive team, including adding dedicated business development resources in the US and Europe, and ensuring a global platform to offer a customisable service offering.“

Somerville, who previously held a number of senior management positions within MaplesFS, becomes chief executive of the group. Toni Pinkerton, with the firm for six years, moves into the role of global head of fund services for Maples Fund Services. The Maples Fund Services executive team is rounded out by Tyler Kim, the chief information officer, responsible for building out all technology and infrastructure.