Kane Solutions gains fund administration license in Mauritius
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Kane Solutions gains fund administration license in Mauritius 20 October 2021 Mauritius Reporter: Maddie Saghir
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Kane Solutions, the specialist provider of product and fund administration solutions in the international life, pension and investment sectors, has been granted a CIS/fund administration License from the Mauritius Financial Services Commission.
The Mauritius office forms part of Kane Solutions’ global network, which includes fund administration and trust business operations in Bermuda, fund administration services in Dubai and insurance management and fund administration services in Malta.
Harish Bhoyroo has been appointed as managing director of Kane Solutions (Mauritius), and will be responsible for the day-to-day management of the Mauritius administration team and for driving the company’s regional sales and growth strategy for product and fund administration.
The team will provide services extending from pre-launch fund guidance through to full operational and regulatory requirements.
This will include net asset value calculation, portfolio accounting, registrar and shareholder/investor, and tax information services, as well as providing shared services to the wider Kane Solutions Group.
John Uprichard, CEO of Kane Solutions, comments: “Setting up a fund administration operation in Mauritius has always been a part of the broader growth strategy of Kane Solutions. This new operation means that our global network now covers all time zones and provides an excellent hub from which to service clients in Africa, India, and the wider Asia-Pacific region.”
Bhoyroo says: “Kane Solutions has a high calibre leadership team with significant experience and expertise in both product and fund administration, and I was attracted by Kane’s global presence and its long-term vision for Mauritius.”
“Our focus will be on delivering excellent customer service and exploring opportunities in the region to develop long-term strategic partnerships with local, regional and international fund managers in Mauritius,” adds Bhoyroo.
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