Crestbridge receives CBI approval to provide fund administration services in Ireland
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Crestbridge receives CBI approval to provide fund administration services in Ireland 11 August 2021Ireland Reporter: Jenna Lomax
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Crestbridge has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland.
The approval is part of Crestbridge’s wider group strategy for European growth and follows the opening of its Dublin office back in March.
Established in 1998, Crestbridge provides a range of outsourced fiduciary, administrative, accounting and compliance services globally — spanning services, asset classes and jurisdictions.
Crestbridge’s clients include corporations, sovereign wealth funds, investor groups, asset managers and high net worth families.
Andrea Lennon, head of fund services, Ireland said: “Ireland is one of the largest financial jurisdictions in Europe. Regulatory approval of our fund licence enables our Irish team of industry experts to utilise their intricate understanding of complex multi-jurisdictional structures, as well as the operational, regulatory and marketing requirements to deliver Crestbridge’s agile, high-touch service solutions to the Irish fund industry.”
Alex Di Santo, group head of private equity, adds: “Obtaining our fund licence in Ireland is key in delivering our strategic ambition to extend Crestbridge’s industry leading private equity and real estate services to managers and investors across Europe, with Ireland as a domicile well positioned for sophisticated global investors.”
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