Fund Risk and Compliance Firm Waystone to Buy KB Associates

Fund risk and compliance firm Waystone is buying consultancy KB Associates to expand its services for asset managers globally.

Dublin-based Waystone paid an undisclosed price for KB Associates, which will bring the total assets its clients oversee to about $1.4 trillion, Chief Executive Officer Derek Delaney said in an interview.

The deal aims to extend Waystone’s services for asset managers seeking to outsource regulatory and administrative burdens. The group launched last year after the merger of three compliance companies and has offices in eight geographies.

Waystone was valued at more than $1 billion including debt when it brought in Montagu ...