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Crestbridge will be opening an office in New Jersey after acquiring Ovation Fund Services.
Ovation will become part of the Crestbridge brand from 31 December 2020 and is the business’ seventh office. All Ovation employees will become members of the global Crestbridge team.
The acquisition expands Crestbridge’s presence in the US, where it already has an office in New York.
The New Jersey office will be headed by Ovation founder Scot Hadley (pictured top), who has over 23 years’ industry experience.
Mr Hadley commented: “We believe that bringing the quality and breadth of Crestbridge’s global capabilities together with our focus on the US markets is very attractive to current and prospective clients. Access to a global team with the same high standards as ours will be a huge benefit and we’re excited by the opportunities.”
The office is based in Morristown, New Jersey, and the financial terms of the acquisition are not being disclosed.
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