Maples and Calder Ranked as Top Irish Funds Legal Adviser
Leading international law firm, Maples and Calder ("Maples") has retained its position as the number one legal adviser to Irish-serviced funds for the sixth consecutive year by the Monterey Insight Report 2018.
Monterey Insight is a leading independent fund industry research company that provides the only comprehensive statistical analysis of service providers for all investment funds serviced in Ireland, the UK, Luxembourg, Jersey and Guernsey.
Peter Stapleton, Head of the Investment Management team in Maples and Calder's Dublin office commented on the results: "We are delighted to be ranked as the top legal firm in Ireland having advised on the highest number of Irish-serviced funds for the sixth year in a row. To once again obtain this coveted position is a fantastic achievement and wouldn't have been possible without the support of our trusted clients and the talented partners, lawyers and wider Investment Management team at Maples."
He continued: "In addition to a great year in Ireland, our global Investment Management group was further bolstered this year by the opening of offices in Luxembourg and Jersey. These offices were opened in response to a surge in demand as our clients examine how best to maintain and enhance their European business and we look forward to working with these new global teams in 2019."
The Monterey report also highlights year-on-year growth in the Irish funds industry with the ICAV continuing to provide an excellent vehicle of choice for asset managers, with Maples and Calder holding a 37% market share on ICAVs advised based on the Central Bank of Ireland register as at 31 July 2018.