Equiom has officially launched Equiom Fund Solutions Ireland Limited (EFS), having previously announced its Irish domiciled Super ManCo to service AIF and UCITS funds earlier this year. The launch was marked by a virtual event attended by several key stakeholder groups in the funds industry.
Equiom has a strong track record of offering governance and fiduciary oversight services which now extends into the funds sector. EFS is regulated by the Central Bank of Ireland as an authorised Alternative Investment Fund Manager (AIFM) and Undertakings for Collective Investment in Transferable Securities (UCITS) Management Company (Super ManCo).
Mark Porter, Equiom CEO said:
‘Offering Super ManCo services allows us to support fund managers in relation to their operational and compliance requirements. In a complex regulatory environment, where substance requirements and effective oversight are increasingly important for investors, we are confident that the team is well positioned as a key partner for sophisticated client needs.
Our management team in Dublin successfully delivers scalable cost effective solutions in fund governance, regulated platforms, product and operational expertise. Our primary focus will be providing ManCo solutions to global asset managers and coordinating Equiom’s leading corporate services to institutional and private clients in onshore and offshore global financial centres, leveraging a diverse network of internal expertise and industry services providers. Forbes magazine has ranked Ireland as one of the best countries for business and this is reflective of our experience to date across all of the partners we have worked with’.
Kevin Bardon - Managing Director, Equiom Fund Solutions Ireland said:
‘We are very excited to be part of Equiom’s continued expansion into the fund governance sector. The timing is excellent on the back of a number of major industry influencing factors including the Central Bank’s publication of the thematic review of fund management companies, Brexit and the continued growth of the funds industry in Ireland. We have an enviable opportunity to leverage Equiom’s global network and offer European fund management solutions. These are very exciting times for Equiom to be consolidating its position in the funds market’.
Sean Fleming, Minister of State for Financial Services, Credit Unions and Insurance, Government of Ireland said:
‘I am delighted to welcome the investment by Equiom in Ireland where they join a thriving funds ecosystem that is a key element of the Ireland for Finance strategy. I wish the team in Dublin well in their plans for the future.'
Kieran Donoghue, Global Head of International Financial Services at IDA Ireland said:
‘We are very pleased that Equiom is expanding its presence in Ireland. This will enhance the provision of specialist fund services and governance solutions to the investment management industry, which has made Ireland its location of choice to serve European and global customers post Brexit. We look forward also to supporting the company’s future growth plans’.