Waystone is strengthening its presence in the UK ACD and fund administration market with the acquisition of T Bailey Fund Services (TBFS).

Waystone is strengthening its presence in the UK ACD market with the acquisition of T Bailey Fund Services (TBFS).

TBFS, based in Nottingham, 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. 

As part of Waystone, the TBFS team will focus on the continuity of its existing offering, whilst also being able to service its delegated fund managers with a wider pool of resources and expertise. 

Together, Waystone and TBFS will have ACD-related assets under oversight of over GBP10 billion.