The company can now provide more services for its US-based clients in one of the most popular fund domiciles in the world.
San Jose, CA. August 8, 2022 – Global financial administration leader JTC has launched its fund administration offering in Ireland following regulatory approval from the Central Bank of Ireland. This latest offering will increase the company’s global presence, which already includes more than two dozen offices worldwide.
The Ireland fund administration offering will complement existing Alternative Investment Fund Manager (AIFM), depositary, and corporate solutions provided from JTC offices in Dublin and Enniscorthy. Fund administration services will include fund accounting, transfer agency, AML, FATCA/CRS and the preparation of fund financials with audit support.
Ireland is fast becoming one of the most attractive jurisdictions for fund domiciliation and offers many advantages for US-based fund managers. Boasting tax treaties with the US and EU, Ireland’s relationship with the US and European financial communities is strong. At the same time, the country has a reputation for regulatory supervision and a framework compatible with local substance standards and the EU’s Alternative Investment Fund Management Directive (AIFMD).
As the only English-speaking country in the EU with the Euro as its currency, Ireland offers US-based fund managers a business environment and culture similar to what they’re used to, and the country’s popularity as a jurisdiction means there is no shortage of expertise in alternative funds. US managers looking to expand globally by entering European markets or accepting foreign capital can take advantage of JTC’s established presence in Ireland and the variety of available fund and corporate structures available in the country.
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. The company’s fund services team has substantial experience and a proven track record in administering both closed and open-ended funds in jurisdictions around the world.
JTC Americas, the company’s North American division, provides purpose-built solutions with a global reach, allowing US-based clients to expand overseas and international clients to enter US markets. By offering its specialized technology-based solutions to the greater market and combining its boutique feel with JTC’s global reach, JTC Americas is able to provide an unprecedented level of support and scalability for clients of all sizes.
“We’re excited to provide our fund clients access to another important jurisdiction,” said Reid Thomas, Chief Revenue Officer and Managing Director of JTC Americas. “When clients want to take funds from local to global, whether that means fundraising in the EU or investing overseas, we can help.”
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