Manager Relocation Services

Transcription

1 Manager Relocation Services

2 The Crestbridge Limited affiliation is regulated by the Jersey Financial Services Commission. Crestbridge S.A. and Crestbridge Management Company S.A. are regulated by the Commission de Surveillance du Secteur Financier.

3 Crestbridge providing peace of mind for fund managers International regulatory changes have significantly increased the pressure on investment fund managers. With its strong reputation in the investment fund market and the global finance industry, Jersey continues to attract quality fund managers, businesses and individuals looking for an efficient solution. Adopting a partnership based approach, we work closely with fund managers and adapt our offering to meet the individual requirements of each client. Located on the island, Crestbridge supports investment fund managers who are considering domiciling their structures and businesses (or part thereof) to Jersey. We work closely with fund managers and their advisors to determine the optimal outsourcing solution for support functions, enabling the fund manager to focus on core competencies such as fund raising, investment and divestment, and management of investor relations. Our solutions range from offering regulatory support to the subsidiary entity of the investment manager group, to providing a full service including management company, office space, directors, compliance officers, operational and clerical staff and a website. Adopting a partnership based approach, we work closely with fund managers and adapt our offering to meet the individual requirements of each client. Manager Relocation Services 1

4 We invest heavily in our staff and promote a strong work ethic in order to provide clients with the best possible support team. expertise A motivated team of specialists Providing support to fund managers requires a team with strong technical skills, exceptional attention to detail and the ability to meet tight deadlines. knowledge Our team includes specialists in asset classes, experienced qualified accountants and chartered secretaries, who are familiar with the regulatory environment and challenges of running funds businesses. We invest heavily in our staff and promote a strong work ethic in order to provide clients with the best possible support team. reliability flexibility A responsive service you can rely on Relocating staff and businesses can be a time-consuming exercise, so fund managers need to feel confident that any outsourced function is being administered and managed in the most effective way. As a privately owned company, we are able to adapt our services to meet your exact needs, making decisions quickly and acting accordingly in order to achieve the best outcome. Combining a responsive, high quality service with a friendly approach, our objective is to ensure that the commercial goals of our clients are met. 2 Manager Relocation Services

5 products services Our range of services We offer a flexible range of services, designed to deliver complete peace of mind to our clients. We are able to: Ring-fence business interests Make available a team of dedicated staff to support the outsourced activities Develop tailored procedures to meet the needs of the client Provide dedicated office space and facilities Provide oversight to ensure the local client entity maintains legal and regulatory compliance Make available suitably experienced staff to support local activities Our services include: Compliance support services Provision of Money Laundering Reporting Officer (MLRO) Provision of Money Laundering Compliance Officer (MLCO) Design and preparation of all risk and compliance related reporting and testing programmes Provision of procedures manual Provision of local anti-money laundering training Provision of regulatory and legislative updates Monitoring of continuing professional development (as required) Assistance with reporting requirements as a result of suspicious transactions Ensuring compliance with applicable laws and regulatory policy Provision of four or six eyes oversight Monitoring and reviewing reports from the administrator of the underlying funds Manager obligations Approval of financial statements of the local manager Approval of marketing material Approval of reports to investors for distribution by the administrator Oversight and monitoring of compliance with agreed investment criteria Assistance with drafting a business plan Monitoring and compliance with appropriate codes of practice Accounting and reporting services Provision of bookkeeping and accounting services to the local manager Provision of financial statements to UK GAAP, IFRS or US GAAP standard Calculation and verification of management fees ANLA calculations Tailored administration and secretarial services Registered office and company secretarial services Establishment of local manager and associated vehicles Dealing with migration of existing manager Establishment and operation of bank accounts to include batch processing Preparation of board packs, convening and attending board meetings of the local manager and preparation of minutes and action lists Provision of directors / introduction to non-executive directors Obtaining PI and D&O insurance quotes Performance monitoring Administration of carry, holding and employee incentive vehicles Liaison with administrator and other service providers Liaison with advisors and ensuring timely submission of applicable tax / statutory returns Office support Provision of office space Provision of staffing resource Assistance with HR obligations Assistance to develop policies and procedures Liaison with regulatory bodies and service providers Drafting and monitoring business continuity plans Dedicated phone / fax lines / teleconference and greeting facilities Safekeeping services Provision of meeting room facilities IT support services General IT support and consultancy Assistance with installation Web hosting Virtual office space Web portal Servers / cloud / Backup support IT input into business continuity plan Manager Relocation Services 3

6 The benefits of outsourcing The increasing trend towards outsourcing to specialist administrative service providers is being driven by a number of factors. Financial institutions may wish to concentrate on core competencies, mitigate risk and avoid the build up of internal headcount. Often resulting in operational and cost efficiencies, outsourcing has become an attractive model for financial institutions, investors and regulators for the following key reasons Corporate governance Regulated providers of financial services such as Crestbridge place great importance on corporate governance, risk management and independence. Ring-fencing At Crestbridge we will work with you and your advisors to determine whether any of the outsourced services conflict with other businesses in your jurisdiction, and design a legal structure to ring-fence the business if this is the case. We ensure that robust procedures and working practices are put in place in order to provide the necessary assurance to clients that their affairs are being administered to the very best standards. Access to technical knowledge and expertise Certain services that may be non-core for financial institutions are very much part of our core competency. We are committed to our core service areas and therefore continually invest in the best staff and leading IT systems in these areas to support the growth of our business. This means that organisations choosing Crestbridge as their preferred outsourcing partner are able to access leading industry expertise, consistency of output and the continuity of professional qualified staff. Key contacts Graeme McArthur Joining Crestbridge in 2010 to head up the funds services business, Graeme has over 25 years experience in fund administration, and has been a member of the Executive Committee of the Jersey Funds Association since Paul Perris Paul has over 20 years experience in the establishment and administration of a wide range of multi-jurisdictional regulated and unregulated structures for global funds, start-up managers and institutions. Sarah Rayson Previously Joint Head of Private Equity at an international administration firm in Jersey, Sarah joined Crestbridge in 2008 bringing over 20 years experience in the finance industry. Financial institutions may wish to concentrate on core competencies, mitigate risk and avoid the build up of internal headcount. Graeme McArthur Chief Executive graeme.mcarthur@crestbridge.com T: +44 (0) Paul Perris Managing Director, Head of Fund & Family Office Services paul.perris@crestbridge.com T: +44 (0) Sarah Rayson Director, Fund Services sarah.rayson@crestbridge.com T: +44 (0) Manager Relocation Services

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8 Crestbridge 47 Esplanade, St Helier Jersey, JE1 0BD +44 (0) Crestbridge 9A boulevard Prince Henri, L-1724, Luxembourg Design by: designhouse.co.uk Delivering peace of mind crestbridge.com