Aztec Group News

Henderson appoint Aztec Group to administer their Jersey Property Funds

Monday, November 22, 2010

Following a review of their third party administration arrangements, Henderson Funds Management (Jersey) Limited and Henderson Property Management (Jersey) Ltd, have recently taken the decision to appoint the Aztec Group as administrator to the Jersey domiciled funds they manage.  Together their funds have assets in excess of £3 billion and over 260 investors.

Three administrators were shortlisted to present their capabilities and service offering for the administration of Henderson's Jersey funds to the Board of the Managers and their Investment Advisor, Henderson Global Investors.  On completion of this review, the Board decided to select Aztec Group as its new service provider.

Commenting on the appointment, Martin Sabey, Director of the Board of the Managers said “Aztec Group is recognised as one of the leading fund administration houses in the Channel Islands and they offer experienced personnel, integrated technology systems and best practice processes to ensure smooth day-to-day operation of funds. We believe this puts them in an excellent position to provide key benefits to our funds and investors which will lead to cost savings and efficiencies going forward.”

Mark Wanless, Director at the Aztec Group, said “We are delighted at the prospect of working with Henderson and its professional advisory team with whom we are already establishing a good working relationship.  Henderson joins a small but growing number of household names in the real estate sector who have chosen to partner with the Aztec Group and we look forward to working with them over the years to come to turn their high expectations into reality.”

The transition is expected to complete during the second quarter of 2011.