The transition became effective on June 1 and represents $1 billion in assets.

Dundee Leeds Management Services was the fund administration business of Dundee Corporation. With Dundee Corporation’s decision to fold the business, Dundee Leeds worked with its current clients to locate new administration services prior to closing the doors, Custom House said.

Along with an expansion in Asian markets and enhancements to its proprietary Gateway technology platform, the deal builds on the strong momentum of Custom House since its separation from TMF Group earlier this year.

Custom House has assets under advisement of over $20 billion, eight offices globally and over 220 employees.