Alternative investment service provider Custom House Global Fund Services is broadening its expansion in the U.S. with the opening of a San Francisco office.
Custom House also hired financial services veteran Gary Smith to head the new office as a commercial director, according to a statement released by the firm Wednesday. In the new role, Smith will also be responsible for continuing Custom House’s growth on the West Coast and ongoing business development.
With over 20 years of experience in the financial services industry, Smith worked at various firms including Pacific Growth Equities and Hambrecht & Quist/JPMorganH&Q.
Custom House CEO Mark Hedderman explained that the opening of the new West Coast office was prompted by the increase in asset managers in the region.
Established in Ireland in 1989, Custom House has additional offices in New York, Chicago, Dublin, Malta, Luxembourg and Singapore. It has approximately $40 billion in assets under administration.