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Maitland Acquires Admiral Administration

Nick Parmée, 12 November 2012

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Maitland, a provider of fund administration, multi-jurisdictional
legal, tax, fiduciary and investment advisory services, has acquired Admiral
Administration.

Admiral is a global hedge fund administrator with offices in the
Cayman Islands, Dublin, Halifax in Nova Scotia and Richmond, Virginia.

The acquisition of Admiral is intended, Maitland said in a statement, to advance its
strategy of growth and expanded global reach in the fund
administration industry.

The combined group will have total assets of $145 billion under
administration, 700 employees and 15 offices across 13 countries including the
British Virgin Islands, the Cayman Islands, Canada, Ireland, Switzerland, the Isle of Man,
London, Luxembourg, Malta, Mauritius, Monaco, South Africa and the US.

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