Jersey fund industry tops 17 percent growth
25 February 2020 London
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Fund assets serviced in Jersey reached $481.2 billion at the end of June 2019, up 17.1 percent from 2018, according to the 25th annual Monterey Insight Jersey Fund Report.
The number of serviced schemes increased to 1,336, up 4.5 percent and the total number of sub-funds recorded were also up to 1,807 which represents a 5 percent increase, Monetary Insight found.
For fund administration services across both domiciled and non-domiciled funds, the report showed that Aztec Group maintained the largest market share for fund assets under administration for the fourth consecutive year, with $167 billion in assets.
In second place was Saltgate with $48.4 billion while Intertrust climbed to third position with $26.8 billion.
Among transfer agents and of serviced funds, Aztec Group maintains its lead, with a total net asset of $169.1 billion.
Edward Moore, CEO and founder of the Aztec Group, commented: “We’re delighted to be named Jersey’s leading fund administrator for the fourth year running. This is an incredible achievement, and we’re immensely proud of our teams both in Jersey and the wider group for the part they continue to play in helping us consolidate our position as market-leader.”
“It is a true testament to the professionalism of our employees and their unwavering commitment and dedication to delivering the best possible service to our clients,” Moore added.
Meanwhile, Intertrust took the second spot with $26.6 billion ahead of Computershare Investor Services ranked in third position this year with $22.8 billion, Monetary Insight observed.
In custody ranking of serviced funds, BNP Paribas Securities Services secured top position again as the largest custodian by assets with $22.2 billion.
BNP Paribas was followed by J.P. Morgan with $11.9 billion. Meanwhile, Sanne Trustee Services took the third spot this year with $11.7 billion.
Monetary Insight also recently revealed the 25th edition of Monterey Insight Ireland Fund Report, which saw fund assets serviced in Ireland increase by 6.2 percent.
The number of serviced schemes increased to 1,336, up 4.5 percent and the total number of sub-funds recorded were also up to 1,807 which represents a 5 percent increase, Monetary Insight found.
For fund administration services across both domiciled and non-domiciled funds, the report showed that Aztec Group maintained the largest market share for fund assets under administration for the fourth consecutive year, with $167 billion in assets.
In second place was Saltgate with $48.4 billion while Intertrust climbed to third position with $26.8 billion.
Among transfer agents and of serviced funds, Aztec Group maintains its lead, with a total net asset of $169.1 billion.
Edward Moore, CEO and founder of the Aztec Group, commented: “We’re delighted to be named Jersey’s leading fund administrator for the fourth year running. This is an incredible achievement, and we’re immensely proud of our teams both in Jersey and the wider group for the part they continue to play in helping us consolidate our position as market-leader.”
“It is a true testament to the professionalism of our employees and their unwavering commitment and dedication to delivering the best possible service to our clients,” Moore added.
Meanwhile, Intertrust took the second spot with $26.6 billion ahead of Computershare Investor Services ranked in third position this year with $22.8 billion, Monetary Insight observed.
In custody ranking of serviced funds, BNP Paribas Securities Services secured top position again as the largest custodian by assets with $22.2 billion.
BNP Paribas was followed by J.P. Morgan with $11.9 billion. Meanwhile, Sanne Trustee Services took the third spot this year with $11.7 billion.
Monetary Insight also recently revealed the 25th edition of Monterey Insight Ireland Fund Report, which saw fund assets serviced in Ireland increase by 6.2 percent.
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