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Industry news

Premier selects PAXUS


16 December 2024 US
Reporter: Clelia Frondaroli

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Image: Fxquadro/stock.adobe.com
PAXUS has been selected by Premier Financial Services Limited, a Mauritius-based management and trust company, to provide fund administration support.

This support will be delivered via PAXUS’s specialist fund administration system, which is said to provide back office fund administration services for open and closed ended alternative funds, including fund accounting and transfer agency.

Premier will utilise this solution in their newly launched fund administration business line, and marks the continuation of the company expanding their international client base.

Commenting on the adoption of PAXUS by Premier, Paul Kneen, CEO of PAXUS, says: “We are excited to welcome Premier Financial Services Limited as a new client. We firmly believe there is currently no better multi-functional market-wide product that can compete head on with PAXUS’s offering as a total fund administration solution.”

Druvnath Damry, managing director of Premier Financial Services Limited, adds: “As we continue our plan for expansion and innovation in the Fund industry, we are excited to integrate PAXUS into our Fund administration services.”
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