AI Fund Awards 2017

Acquisition International - International Fund Awards 2017 17 Moore Management IF17005 Best Alternative Fund Administrator – Channel Islands MooreManagement From its global offices in Jersey, Guernsey, the Isle of Man, Tokyo, Singapore and Bermuda, Moore Management provides a range of fund administration and management services to offshore structures and fund managers investing in a wide range of asset classes, from private equity to real estate and alternative assets. Jon explains how the firm leverages the technical expertise of its people to provide its extensive portfolio of clients with the services they need to ensure that they are tax efficient and fully compliant with regional and sector regulations. “One of our key goals at Moore Management is to understand and meet our clients’ needs, which we consistently achieve thanks to the experience and quality of our people. In our Jersey and Guernsey offices alone, 40% of our employees are qualified accountants who use their technical knowledge to ensure that the process of setting up and maintaining funds is as effective and streamlined as possible for our clients. Our people are also a vital component when it comes to establishing and maintaining a strong relationship with those clients. Our specialist on-boarding team and our Senior Management spend a significant portion of their time ensuring clients receive the support they need. In turn, the company invests heavily in the professional development of its people so that the necessary skillsets are present at all levels of the organisation.” “Alongside our people, a differentiating feature of Moore Management is our ability to offer a boutique service with a global reach due to our close working relationship with our parent company, First Names Group. We pride ourselves on tailoring our approach and reporting to the individual client; however, when required we are able to draw upon a pool of qualified trust and corporate practitioners across further strategic locations to add a new dimension to our services.” Despite having connections around the world, Moore Management believes that the Channel Islands are vital markets for its services – being among the most highly regulated offshore regions in the world, as Jon highlights. “Not only are the Channel Islands tax neutral jurisdictions, which effectively allows funds to prevent tax escaping through investors, ensuring stronger returns. The region is also highly regulated and therefore investors feel safe in the knowledge that their investments are protected. It is for these reasons that we operate offices in both Jersey and Guernsey, as these are both key financial hubs within the region and represent the ideal bases from which to support our clients.” Recently the Channel Islands have seen a flurry of activity as new fund managers enter the market seeking offshore structures that can take advantage of the opportunities that may arise from the UK’s recent Brexit vote. For example, Jon notes that the firm’s Jersey office has been working with private equity and venture capital funds which are being launched by relatively new managers that are seeking the expertise of firms such as Moore Management to support them through the tough early stages of a fund’s inception. In Guernsey, the market has seen increased interest from Middle Eastern investors seeking to invest in real estate in the UK – another outcome of the Brexit referendum decision which has opened up opportunities to negotiate lower prices on commercial properties. Indeed, the UK’s decision to separate from the EU looks set to offer many exciting opportunities across the investment market, and many firms, including Moore Management, are going to be taking advantage of these, as Jon concludes. “Looking ahead, the Brexit vote will change the European fund market, with many fund managers set to move out of the UK. As the nearest European country we have identified Ireland as the most likely region for many of these managers, and therefore we are currently looking at our options there. This is just one of a number of opportunities we will be exploring in 2017 – it’s going to be an exciting year.” Moore Management is a leading provider of independent fund services to corporate and institutional clients around the world. We invited Jon Trigg, Head of Global Fund Services at the firm, to tell us more. Company: Moore Management Address: Ground Floor, Liberation House, Castle Street St Helier, Jersey, JE2 3AT Phone: +44 1534 822 500 Fax: +44 1534 616 900 Email: enquiries@ mooremanagement.com Web: www.mooremanagement.com