Crestbridge Receives Jersey Management Company License, Expands Team

Nov 17 2015 | 6:58pm ET

Global fund services and administration specialist Crestbridge has been approved by the Jersey Financial Services Commission to provide management company solutions to Jersey-based funds, expanding its offshore and onshore alternative fund servicing and management capabilities.

The license award means that Crestbridge will now be one of only a handful of firms in Jersey able to act on behalf of fund managers as an appointed management company, provide risk management oversight, oversee delegation for portfolio management, central administration and distribution, and coordinate communication with third parties and regulators, according to a company statement.

Jersey’s management company option complements Jersey’s existing range of fund regimes and is expected to become popular with those who like structures outside of the EU.  In addition, for promoters distributing into the EU via private placement, the Jersey option can also provide a quick and cost-effective AIFMD compliant registration process for alternative investment funds.

The new service also complements Crestbridge’s existing Luxembourg offering, and means the company can now both onshore and offshore distribution. 

In tandem with the launch, Crestbridge has also announced the appointment of Miranda Lansdowne as director. 

Based in Jersey, Miranda will draw on significant experience in the onshore and offshore alternative investment funds landscape to lead the development and growth of Crestbridge’s new Jersey-based management company business. Prior to her new role, she was managing director of the Luxembourg office of a well-known fund and corporate service providers, and also held the role of group director of fund services at the firm’s Jersey office. 

Lansdowne has particular expertise in the alternative asset classes across the Channel Islands, Luxembourg and the UK, according to the company, as well the global private equity space. 

“Delegating the day-to-day management of a fund to an external agency has proven to be highly effective for some managers in a European context,” noted Lansdowne in a statement. “We believe that the Jersey management company model can offer a credible and cost-effective alternative for managers, such as those based in the US and Asia, wishing to access European and non-EU markets, without having to establish their own internal management entity.”

“We’re excited to have Miranda join the Crestbridge team here in Jersey,” added Graeme McArthur, CEO of Crestbridge. “Her understanding and knowledge of the Channel Islands and Luxembourg markets, combined with her global expertise in alternative investment funds, will be invaluable as we look to extend and enhance our capabilities.” 

Founded 18 years ago and based in Jersey, Crestbridge is a provider of administration and management services to institutions and corporate clients, fund managers and family offices.

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