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Ogier advises on merger of Fulcrum Group and Butterfield Fund Services

Posted: 22 August 2008

Ogier advised on the merger of Fulcrum Group and Butterfield Fund Services (BFS) in conjunction with Travers Smith LLP. Butterfield Fulcrum Group will have approximately 400 employees across ten financial centres, with close to $100 billion of assets under administration.

Ogier advised Fulcrum throughout the merger, led by partner, William Simpson, and Managing Associate, Frances Watson. Frances Watson said "We are pleased to have been involved in such a significant merger of firms in the funds administration industry."

Fulcrum Group established in Bermuda in 1995 and 3i made a significant investment in Fulcrum in 2007. It now has offices in New York, London, Bermuda, Canada, Ireland, the Cayman Islands, and India. Butterfield Bank recently celebrated its 150th anniversary and also has a network of global offices covering The Bahamas, The Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland and the United Kingdom. The new entity will administer assets from nearly 1,000 hedge funds, fund of funds, private equity and investment management firms.

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