Aztec Group News

Aztec Group receives Type II AAF accreditation

Wednesday, March 30, 2011

Aztec Group, with offices in the Channel Islands, Luxembourg and the UK, has demonstrated its service excellence by obtaining a clean audit on its internal control environment and becoming the first independent fund administrator to obtain a Type II AAF 01/06 accreditation.

The Group, which celebrates ten years in business this year, has had an office in Guernsey since 2006 and now employs over 90 staff administering more than 50 funds valued at approximately $30 billion.

The audit, which is in accordance with the Institute of Chartered Accountants in England and Wales Technical Release AAF 01/06, was once again undertaken by PricewaterhouseCoopers (PwC). The accreditation involved completing a full review of the organisation’s Channel Island offices’ procedures and control environment to ensure the highest standards in corporate governance were being met.

Simon Radford, Aztec Group’s CFO, said “As a business committed to driving forward the standards in fund administration, this independent audit of our controls and procedures exhibits, once again, our commitment to our clients and their investors to provide the very best standards of service. For a sophisticated and risk-aware client base, having industry specific operating platforms and independently audited controls and procedures are important distinguishers and, for many, a prerequisite to potential clients’ selecting an administrator. Our 100% client retention rate is a testament to our service delivery”

Rob Jones, Aztec Group’s Guernsey Director commented “The growth of our Guernsey office has been phenomenal since launching in 2006. Our dedication and focus on delivering a first class fund administration service enveloped in robust process and procedures, which are independent audited, has made us a leading partner choice for fund managers looking to locate their funds offshore.”  Read more...

Aztec Group becomes early adopter of AAF accreditation

Monday, February 08, 2010

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