Suntera gets funds licence

Friday 09 July 2021

Professional services provider Suntera Global has been granted a licence to provide fund administration services in Jersey.

Awarded by the JFSC, it will enable the firm to support private equity, real estate, venture capital and other alternative fund managers with a range of administration services from Jersey, from fund set-up and structuring, to back-office reporting and accounting, and governance and oversight.

Jersey office Managing Director Paul Mundy, who is also Managing Director of the Fund Services Division, aims to bolster the Jersey funds team over the coming months.

He joined Suntera in early 2020 and prior to that was the Managing Director of State Street's Jersey and Guernsey Fund Operations. He has an extensive background in fund administration and global custody, with a focus on staff development, customer relations and risk management, and holds a diploma in Company Direction.

Commenting on the new licence, Group CEO David Hudson said: “This new licence is a vital strategic addition to our global proposition as we look to enhance the services we can offer to alternative fund managers across our network.  Jersey has a fantastic reputation as a specialist alternative funds centre and I’m confident Paul and his team will build out our Jersey funds operation significantly over the coming months.”