This success is usually attributed to our well-known Fund Services offering; however, none of this would ever have been possible without the sophisticated cross-border trustee, managerial, company secretarial, accounting and tax expertise provided by our Corporate Services team. This Corporate Services team maintains the full spectrum of entities that encircle each fund and without which funds cannot operate effectively.
With the breakdown of traditional Corporate Services model, the market has bifurcated. On one side, the traditional, process-driven firms compete to supply the basic mechanics of SPV formation and maintenance from ever more cheap outsourcing centres and on the other, a niche market for a higher value, client service driven proposition has emerged (read more here). Demand for this expert support has encouraged us to reinforce our Corporate Services offering with additional hires and a standalone service development.
Every day our client-centric teams look after a wide spectrum of legal vehicles, including companies, partnerships, trusts and foundations - both listed and unlisted, and it has been great to see the growing number of employee benefit structures administered by our Corporate Services team over the last 12 months.
We recognise that fund managers operate very differently which is why the traditional process-driven solution is often not ideal. We work with fund managers who can have only one complex holding company that requires a daily, hands’ on approach and others – with over 90 passive entities, including companies, limited partnerships and carry structures. Cross-border acquisition vehicles are commonly used by Private Equity fund managers too. These tiered structures can often be highly tax sensitive and an understanding of the mechanics is critical, both locally and as a whole. Moreover, each tier must operate on a seamless and synchronised basis which can only be achieved through an integrated administration, accounting and tax reporting platform that can give effect to the commercial arrangement envisaged.
Note: Our Corporate Services offering (in blue) is delivered to a full spectrum of corporate entities, including SPVs, co-invest vehicles, carry vehicles and others.
Our multi-jurisdictional approach to client service means that platforms, controls and processes are consistent across our offices, which, together with our team’s in-depth knowledge and strategic understanding of the industry, enables us to support smooth and effective day-to-day operation of these structures. Striving to lead the way in Fund and Corporate Services, our robust processes adhere to all key industry standards – ISAE3402 type II and, most recently, ISO 27001:2013, allowing our clients to benefit from a truly multi-jurisdictional platform that meets all internationally-recognised best practices.
To find out more about our Corporate Services offering and why we are the bright alternative assets industry, please get in touch with James Duffield, our Head of Business Development.
If you would like to discuss outsourcing to the Aztec Group or are considering migrating a fund or SPV, please call James Duffield, Head of Business Development, on +44 20 3818 0250.
Aztec Group Guernsey
Aztec Financial Services (Guernsey) Limited
PO Box 656, East Wing, Trafalgar Court
Les Banques, St Peter Port, Guernsey, GY1 3PP
Telephone: +44 1481 749700
Facsimile: +44 1481 749749
Aztec Group Jersey
Aztec Financial Services (Jersey) Limited
Aztec Group House, PO Box 730
11-15 Seaton Place, St Helier, Jersey, JE4 0QH
Telephone: +44 1534 833000
Facsimile: +44 1534 833033
Aztec Group UK - London
Aztec Financial Services (UK) Limited
2 Throgmorton Avenue
Telephone: +44 20 3818 0250
Aztec Group Luxembourg
Aztec Financial Services (Luxembourg) S.A.
8, rue Lou Hemmer, L-1748, Luxembourg – Findel
Grand-Duché de Luxembourg
Telephone:+352 246 160 6000
Facsimile: +352 246 160 6016
Aztec Group The Netherlands
Aztec Financial Services (Netherlands) BV
Spaces Zuidas, Barbara Strozzilaan 201
1083 HN Amsterdam, The Netherlands
Telephone: +31 20 794 4820
Facsimile: +31 20 794 4821
Aztec Group UK - Southampton
Aztec Financial Services (UK) Limited
Forum 3, Solent Business Park
Parkway South, Whiteley, Fareham, PO15 7FH
Telephone: +44 238 202 2300
Facsimile: +44 238 202 2309