Opalesque Industry Update - Helvetic Fund Administration Ltd, Gibraltar’s longest established fund
administration company, (the Company or Helvetic) announces that it
has completed the migration of the NAV’s (Net Asset Value) with the acquisition of
Capita Financial Administrators (Gibraltar) Ltd (or ‘Capita’). The acquisition
sees the transfer of Capita Gibraltar staff and over £500 million of assets under
administration to Helvetic. |
Helvetic Fund Administration has operated in Gibraltar since 1998. As the first fund administration company in Gibraltar, Helvetic was licensed by the Financial Services Commission (FSC) in Gibraltar with the introduction of a licensing regime for the fund administration industry. Helvetic has extensive experience in supporting sophisticated hedge fund structures and investment vehicles. The company focuses on maintaining a close working relationship with clients in order to provide them with services superior in quality, efficiency and responsiveness.
Helvetic’s accounting and administration teams have thorough knowledge of different investment structures and are able to provide comprehensive tailor-made solutions to ensure the type of structure chosen for the client meets their pre-defined requirements. The company ensures that new funds are integrated successfully by being involved in all stages of the process, from initial consultation and set-up to the provision of valuations and all ongoing support necessary to ensure the smooth running of the fund.
As the longest established fund administration company in Gibraltar, Helvetic was uniquely positioned to migrate Capita’s existing operations into its own operation.
During the acquisition, Capita continued to provide outsourced back office functions via Capita Sinclair Henderson Limited, part of the Capita Financial Group, located in Exeter, UK.
Nicola Smith, CEO of Helvetic Fund Administration Ltd explains, “We have now
completed the full integration of Capita Financial Administrators (Gibraltar) Ltd
into our operations and welcomed new staff members to our company. We are known
for our experience, expertise and high service levels in Gibraltar and are pleased
that not only have we been able to retain jobs, but we have also accomplished this
with zero disruption to clients during the integration process. Adding over £500
million to our assets under administration positions us as clear leaders in our
industry in Gibraltar and provides us with a sound basis for the future growth of
our business internationally. We are very pleased that we have reached this
important milestone.”...Corporate website:Source