Ipes receives regulated status in Ireland and obtains its depository licence in Luxembourg
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Ipes receives regulated status in Ireland and obtains its depository licence in Luxembourg 20 July 2018Ireland Reporter: Maddie Saghir
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Ipes has been authorised by the Central Bank of Ireland to provide fund administration services.
This authorisation has enabled Ipes Ireland to provide full administration services to collective investment schemes and alternative investment managers in Ireland.
This includes fund administration, financial reporting, company secretarial, and management support services.
Chris Merry, Ipes chief executive, commented: “We are delighted to have reached this milestone in Ireland. Cork is our fastest growing office.”
“We have already developed a centre of excellence for accounting in Cork. This authorisation enables us to widen our service offering in Ireland and enhance our EU-based funds capability.”
He added: “All our staff have been recruited locally and we believe that Cork has the talent pool and skilled workforce to support our expansion and continue our growth in Ireland.”
Meanwhile, Ipex Luxembourg has been granted a depositary licence by the Commission de Surveillance du Secteur Financier (CSSF).
The new depositary offering in Luxembourg will complement Ipes’ established depositary services in London.
Merry concluded: “We have strong interest in our depositary services in Luxembourg and we are delighted we can now move forward. With Brexit approaching Luxembourg now offers our clients a European solution.”
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