Global professional services provider Suntera Global has been granted a licence to provide fund administration services in Jersey to boost its international funds proposition.
Awarded by the Jersey Financial Services Commission (JFSC), the new licence enables Suntera Global to support private equity, real estate, venture capital and other alternative fund managers with a full range of administration services from Jersey.
This includes fund set-up and structuring, back-office reporting and accounting, as well as governance and oversight.
The new licence complements the group’s existing fund administration capabilities through its teams in the Cayman Islands, Bahamas and Isle of Man who support the needs of fund managers in a broad range of international markets.
Paul Mundy, managing director of Suntera’s Jersey office, and managing director of the fund services division, aims to bolster the Jersey funds team over the coming months.
Mundy has overall responsibility for the growth and development of the firm’s funds offering across all of its jurisdictions.
Mundy comments: “We have a good track record in supporting private, listed and authorised funds across a broad spectrum of asset classes, including private equity, venture capital, real estate and infrastructure funds, as well as the emerging areas of environmental, social and governance and impact investing.”
He continues: “Jersey provides us with the perfect platform to continue to grow our global funds capabilities, whilst retaining the boutique-style, personal service for which we have become renowned.”
David Hudson, group CEO of Suntera Global, adds: “This new licence is a vital strategic addition to our global proposition as we look to enhance the services we can offer to alternative fund managers across our network.”
“Jersey has a fantastic reputation as a specialist alternative funds centre and I’m confident Paul Mundy and his team will build out our Jersey funds operation significantly over the coming months.”
