Categories:Funds,Offshore

Ten-lawyer funds team defects from Walkers to Maples

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Readers' comments (2)

  • Maples has been trying to sell its fiduciary and fund services arm for some time but they missed the boat. They are probably still trying to sell MaplesFS but are finding very few buyers around. It’s hypocrisy for them now to talk about the benefits of a 'one-stop-shop'. Clearly these hires are an attempt to gain an advantage before Walkers and Intertrust come after their clients.

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  • Walkers selling the registered offices of their clients is unprecedented. There are no reports of any other offshore firm even considering a sale of registered offices. As the above writer points out, MaplesFS is a fund services business. I am not sure how an offshore law firm can survive without the annuity income from its registered offices.

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