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Aztec Financial Services (UK) recently received authorisation from the FCA to provide depositary services in relation to private equity and real estate type funds in the United Kingdom. This is the last of the Aztec Group’s offices to receive authorisation and now means that the Group is authorised to provide tailored depositary services to its clients from Luxembourg, Sweden, Jersey, Guernsey and the UK.
Aztec Group depositary offering is now available in every Group jurisdiction. This puts the Group in a unique industry position and allows Aztec to provide both administration and depositary services either together or separately on a multi-jurisdictional basis through the use of market leading systems and robust processes underpinned by ISAE 3402 type II audited controls.
Aztec Group, launched in Jersey in 2001, has now built a strong position as a multi-jurisdictional player in the fund services industry covering both onshore and offshore jurisdictions. The Group now has five operational offices; onshore in Luxembourg, Sweden and the United Kingdom, and offshore in Guernsey and Jersey.
Paul Harrison, Director of the UK office, said. “We are very pleased to have received this final authorisation for delivery of our Group wide depositary service. It gives us an excellent platform to provide comprehensive outsourcing support to fund managers utilising multiple jurisdictions for their fund structuring requirements.”
Aztec Group has a unique track record in the oversight of the management of private equity and real estate funds and has had another year of strong organic growth, being delivered through the Group’s pragmatic approach to relationship driven tailored solutions.
