Asset management service provider KB Associates (KBA), which has offices in the world’s leading fund hubs such as the Cayan Islands, Luxembourg and London has reached an agreement to join the Waystone Group, subject to regulatory approval.

KBA supports investment funds with assets exceeding $400 billion.

Mike Kirby, KBA founder and managing principal said: “An ability to address complex regulatory and governance issues across multiple jurisdictions is increasingly important to our international client base. Becoming a member of the Waystone Group, which has offices in fourteen locations across Europe, North America and Asia, allows us to deliver a single global solution.”

Mike Kirby will join the board of Waystone and assume the position of executive chairman for Europe.

According to the firm, he will be a significant investor in the combined businesses. Andrew Kehoe will become chief of the Waystone Group in Ireland with Barry Harrington and Peadar De Barra becoming managing directors of the combined Irish businesses.

Derek Delaney, Waystone’s global chief, commented on the deal, “KB Associates has been the pre-eminent provider of governance and compliance services in Ireland for almost 20 years. We are very fortunate that KBA has chosen to join our institutional partnership and we are delighted to welcome all the key management and consulting staff of KBA. This agreement brings a depth of institutional UCITS expertise along with a talented and dedicated team of close to 100 new colleagues.”