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Aztec Group was recently named Fund Administrator of the Year at the Real Deals Private Equity Award ceremony which recognises the best of European private equity.
A key criteria for the award was the fund administrator’s capability to ensure fund managers are compliant with the new Alternative Investment Fund Managers Directive.
Aztec’s Head of Depositary Services, Andy Brizell, said they were delighted to have been recognised for our work in connection with the implementation of the directive.
“Over the last few years we’ve spent a considerable amount of time tracking the development of this legislation and wherever possible, have argued for a pragmatic and intelligent application for industry. We’ve sought to reflect this approach in our depositary services offering by providing a low impact and proportionate service which is tailored to meet the needs of private equity, real estate and infrastructure managers and investors,” he said.
In making the award Real Deals said: “Aztec's exceptional retention rate and detailed understanding of the commercial and regulatory issues gave the firm the edge.”
In designing its Depositary Services offering, the Aztec Group has built on its extensive experience of meeting materially equivalent depositary obligations in the Channel Islands since 2007. With an appreciation that one size does not fit all for fund managers, the Aztec Group has developed two service models for delivering depositary services.
These two services cover relationships where administration is outsourced and those where it is not, with processes that are ISAE 3402 accredited, tailored to dovetail into the clients existing operations.
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