Mourant awarded Fund Administrator of the Year as total funds under administration hit the US$150 Billion mark
Mourant,
the
multi-disciplinary, international specialist services group, was named ’Fund Administrator of
the
Year’ at
the
Private Equity News, European Private Equity Awards in
London
this month.
The award was presented by Howard Marks, Chairman of private equity firm, Oaktree Capital and accepted by Matt Wood on behalf of all
the
funds teams across Mourant’s International Finance Administration division.
The aim of
the
European Private Equity Awards is to recognise and highlight excellence and specific achievement throughout many sectors of European Private Equity, encouraging providers to raise standards, improve efficiency and increase innovation in what
the
y do.
Commenting on winning
the
award, Ian Lambert, CEO of
the
International Finance Administration division, said, "This award clearly highlights
the
quality and dedication of all our fund administration teams across our division and
the
award goes to
the
m. It is enormously satisfying to see our efforts rewarded in this way and particularly pleasing at a time when our teams are very busy handling
the
strong growth in our business across Europe, North America and now into Asia. As an indication of how much we have grown,
the
latest figures for total fund commitments under our administration stands at over US$150 billion, up from US$100 billion this time last year. This is an outstanding performance and I thank all our employees for
the
ir contribution."
The award comes shortly after Mourant expanded its funds business into Asia, opening offices in both Hong Kong and
Singapore
.
Nicola Davies, Mourant Group Chief Executive, said, "In a year when Mourant-related headlines have focussed on our ever-expanding international reach, we are delighted that our fund administration teams have received recognition for
the
ir efforts. Whilst our growth strategy focuses on international markets and developing relationships a long way away from our roots,
the
bulk of our people and indeed, our talent, is still firmly in
the
Channel Islands
."
Mourant International Finance Administration now has offices in Cayman, Guernsey, Hong Kong, Jersey,
London
,
Luxembourg
,
New York
,
San Francisco
and
Singapore
and
the
wider Mourant group also has offices in
Dubai
; and has plans for fur
the
r jurisdictional growth in
the
coming months.