Aztec Group News

Ten years, 100 staff and one hundred percent client retention rate

Tuesday, July 05, 2011

Ten years after launching their first office in 2001, Edward Moore and Carol Wilson, co-founders of Aztec Group - the independent fund administrator - have reason to celebrate.

The Aztec Group was founded in Jersey to take advantage of a service gap that was perceived amongst existing institutional and tied administration providers. A successful business model underpinned by an aggressive growth strategy has seen the Group open offices in three additional prime funds’ locations. Their second office opened in Guernsey in 2006, followed by Luxembourg in 2007 and London in 2008, with a fully operational UK presence in 2010.

The Group now employs over 100 staff across the four offices and prides itself on a skilled and stable workforce. The business has excellent staff retention which has been maintained year on year in the mid 90’s in percentage terms. This combined with the fact the majority of client facing staff are professionally qualified has attracted a strong and diverse client base from across Europe.

The Aztec Group has seen its funds under management grow by around 20% to over $31 billion in the last 12 months, with the take on of nine new clients include major industry names such as Henderson Global Investors, Inflexion Private Equity and PPM Managers. A partnership approach to business is at the core of the Aztec Group philosophy which has seen them never lose a client and has supported their continual growth in challenging marketing conditions.

Edward Moore, CEO and co-founder commented, “Our decade in business has delivered a robust and focused company. We have stayed true to what we wanted to achieve at the outset, to be the fund administrator of choice, and have evolved the company with this goal firmly in our minds. As one of the few owner managed and independent fund administrators left, we are very proud of what we have achieved as a team. We have skilled and loyal staff, a hugely supportive client base and a strong network of business associates, all of whom have been instrumental in the evolution of the business over the past ten years.”