A fund administrator has opened a new office in Whiteley.

Gen II Fund Services LLC, a private capital fund administrator, has opened its new office at Solent Business Park.

The office was officially opened by the company's global senior leadership team, including CEO Steven Millner.

The new office can accommodate up to 300 staff and will act as a centre of excellence for fund administration technology and processes.

The move will allow Gen II to expand its presence in the region, creating new jobs for both those starting their careers and experienced professionals.

The office will ensure the business consistently delivers high levels of client service through its network of offices in the UK, Europe, and North America.

The new office space provides cutting-edge facilities in a flexible and collaborative workspace, supporting hybrid working patterns and ensuring the wellbeing of its employees.

Speaking at the event, Steven Millner, CEO at Gen II, said: "We’re delighted to be here in person to officially open our new Southampton office.

"This is more than just a place of business, it’s a testament to Gen II’s continued growth in the area, commitment to service excellence, and the hard work and dedication of our invaluable team.

"We look forward to seeing the positive impact it will have for our clients, for the company and across the Southampton region."

Jack Goodman, senior membership executive at Hampshire Chamber of Commerce, said: "It’s been a pleasure to attend the opening of Gen II’s new premises.

"Its expansion not only signifies growth for the company but also highlights its investment in the region, helping to generate hugely exciting career opportunities for the existing local workforce as well as our talented student population as they embark on and build their careers in the area."

The new office is part of Gen II's commitment to investment in the region and its ambition to be an employer of choice.

The office will provide significant new jobs in the region, both for people starting their career journey and through to experienced industry professionals seeking new opportunities with an international organisation.