Maples Fund Services has formally launched its restructured fund administration business, formerly operating as Maples Finance. The move is part of the global restructuring of the Maples Finance business, which now operates as MaplesFS, with various business divisions including Maples Fund Services.

Scott Somerville, who previously held a number of senior management positions within MaplesFS, becomes ceo of the group. Toni Pinkerton, who has been with the firm for six years, steps up as global head of fund services for Maples Fund Services. The Maples Fund Services executive team is rounded out by cio Tyler Kim, who is responsible for building out its technology and infrastructure.