DMS, MDO, Montlake Combine To Create New Third Party ManCo
The DMS Group, MDO and MontLake are partnering up to create a global governance and third-party management company. The resulting company will offer an extensive portfolio of services and operate from four European locations with over 260 employees, as it extends further into key markets.
Derek Delaney, DMS Group CEO commented, "As our industry continues to evolve rapidly, we identified a demand from clients for a robust and comprehensive service provider and, following this deal, our clients will now be able to take full advantage of an expanded suite of services. This is an opportunity to combine the expertise and depth of experience of DMS, MDO and MontLake to create a third-party management company offering that is unparalleled in terms of talent and the extent of services provided."
Martin Vogel, CEO of MDO commented, "The combined companies will deliver substantial benefits for clients and employees, bringing together three highly successful and complementary organisations with proven track records and a shared, strategic commitment to achieve growth."
Cyril Delamare, CEO of MontLake added "Partnering with DMS and MDO is a significant milestone for MontLake and further strengthens our product offering, together with increasing our global physical presence in new jurisdictions including Luxembourg, the U.S. and the Cayman Islands. We will continue to provide our high-quality client service in addition to our successful investment solutions, bringing quality fund products to pan European investors.”
The MontLake transaction is subject to regulatory approval.
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