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Ultimus acquires Huntington Bancshares’ fund servicing business

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Ultimus Fund Solutions, a provider of services to mutual funds and investment advisors, has acquired Huntington Asset Services (HASI) and Unified Financial Services (Unified) from Huntington Bancshares Inc.

Ultimus, based in Cincinnati, Ohio, will open and maintain new offices in Columbus, Ohio and Indianapolis, Indiana, where HASI and Unified currently operate.
 
“We are very excited to announce this acquisition and look forward to speaking with HASI clients over the coming weeks. HASI clients can be assured that we are committed to providing them with the best in class servicing that has been a hallmark of Ultimus since its founding. We are also excited about welcoming new passionate professionals to our team as we continue to grow and expand our footprint,” says Bob Dorsey (pictured), Co-Founder and Chief Executive Officer of Ultimus.
 
The transaction is subject to customary closing conditions and is expected to close by the end of 2015.

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