Orangefield Acquires Guernsey’s Legis Fund Services

Global fund partner Orangefield Group has expanded its fund services division by acquiring a significant interest in Guernsey fund administrator Legis Fund Services Limited.

With this investment, Orangefield increases its assets under administration to more than $50 billion in total.

The move, which has obtained regulatory approval, will benefit Legis' clients by providing access to a wide range of global markets.

Changing its name to Orangefield Legis Fund Services Limited, the Guernsey business will continue to be headed up by Managing Director Patricia White with Legis Group's Chief Executive Stuart Platt-Ransom's involvement and will be integrated into the existing Orangefield fund administration division. Both will retain a shareholding in the business, as will the rest of the Guernsey employees and external investor Bailiwick Investments Limited.