Custom House Fund Services, a provider of financial services to the alternative investment sector, has opened a new office in London.

Additionally, the firm has hired Richard Hale as new director for business development.

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Based in the newly-established London office, Hale will be responsible for developing business in the UK and Europe.

Prior to joining Custom House, Hale worked with Royal Bank of Canada, where he was most recently head of business development for the RBCIS Global Fund Platform.

Prior to this, he worked with various global banks, such as Citibank, HSBC, JPMorgan, and RBC developing business with investment institutions across Europe. He has over has over two decades of experience in the investment fund industry.

Custom House CEO Mark Hedderman said: "With over 20 years of experience in the funds industry, we are pleased to have Richard join us as we continue our growth as an independent provider of fund administration services."

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Hale said: "We will seek out partners who are also working in the space and keen on working with best of breed specialist providers."