Custom House is founded in Dublin by Dermot Butler.
Dermot’s vision was to build a service-led fund administration business that would partner with clients to help them achieve their goals. Dermot was already established in the offshore investment management world and brought these relationships with him to Custom House.
Custom House launches the first Bridgewater Associates, LLP offshore fund, ‘Pure Alpha’.
We went on to have a very successful 20-year relationship with Bridgewater. To this day we are very proud of the work we did for them.
Custom House is authorised by the Irish Regulator.
Custom House launches the first Winton Capital Management, LP offshore fund, ‘Winton Futures’.
We partnered with Winton over 17 years as they grew into one of the world’s leading alternative investment firms.
Custom House teams up with Pacific Fund Systems and adopts their ‘PAXUS’ system.
We still use Paxus today and see it is an invaluable part of our story.
Mark Hedderman joins Custom House.
Initially Mark spent four years in the fund administration department, two as Manager.
He then moved into the role of Head of Business Development and Client Relationships, responsible for the development of various aspects of Custom House’s business.
Helen Breen joins Custom House.
Helen joined Custom House in March 2003 as a Fund Accountant and moved quickly through the ranks within the fund administration department.
Custom House opens its first overseas office in Chicago.
We went to Chicago primarily to support our growing US business but also to assist in extending our operational day. This was the beginning of a phase in our history that at one point would lead us to valuing over 150 daily dealing hedge funds. The main client of this structure was Innocap, the investment management arm of the National Bank of Canada, and they remain a client today.
The Singapore office opens.
With the opening of Singapore office, Custom House is now fully operational 24-hours a day and is one of the first firms in the industry to have a fully integrated and seamless ‘follow the sun’ model.
Equity Trust invests.
Equity Trust invests into Custom House and their funds business becomes part of the Custom House platform.
Malta office opens.
Custom House Global Fund Services is born in Malta and becomes our global corporate headquarters under the regulation of the Malta Financial Services Authority.
TMF Group acquires Equity Trust.
TMF Group has its own funds business, which is integrated into Custom House. This means the addition of new offices in Geneva, Rotterdam, Sofia and Sydney.
Custom House opens in New York.
We opened our New York office in response to the growth of our client base. It includes business development and client relations.
Kevin Walsh joins Custom House as COO.
Kevin joined from HSBC to progress the development of our operating model and ensure that we continued to deliver the quality of service to which our clients are accustomed.
Custom House opens in Hong Kong and Shenzhen.
The success of our business development team in Asia pushed us to formally open in the region. We are very proud of the quality of clients we continue to attract in China and Hong Kong.
Custom House separates from TMF.
Custom House separates from TMF and is once again a fully independent, management-owned business. Led by Mark Hedderman, Helen Breen and Kevin Walsh with James Osborne appointed as Chairman.
Apex Announces Acquisition of Custom House
HAMILTON, Bermuda, August 13, 2018 – Apex Group Ltd. (“Apex”), one of the world’s largest fund administrators, and Genstar Capital jointly announced today the acquisition of Custom House, a leading global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas.
Mark Hedderman departs Custom House Group in July and David Barry Returns in February.