White Outsourcing, a provider of investment administration and accounting services, has extended ownership beyond its two founders for the first time.

White was founded in 1999 by Peter Roberts, director of accounting services, and Andrew Harrison, director of investment operations, who said inviting key staff to acquire equity would “;aid the long term growth and maturity of our business”;. One of the new shareholders is Joshua Yeo, who runs the investment operations division and has seen funds under administration rise from $1.5 billion when he started in 2002 to $13.4 billion today. White’s most recent fund admin client is Charter Pacific Funds Management, which went live on January 10, while other clients incude MIR Investment Management, Edward Baillie Capital and the Wilson Leaders Fund. The other new shareholder is Tanya Portokalis, who runs the accounting services division.