Private equity and real estate fund administrator Augentius has launched a new compliance consultancy, Augentius Compliance, which will provide service for all types of alternative funds, whether or not they are also fund administration clients.
The launch of the compliance business is a result of new regulations such as the Alternative Investment Fund Managers Directive (AIFMD) and the Foreign Account Tax Compliance Act (FATCA), for which Augenitus has already been providing service to clients.
The Augentius Compliance team will be led by Arafat Shah, who has spent 21 years in the industry, 8 of which were with the U.K. financial regulator.
“Keeping on top of the volume and complexity of regulation in the alternatives space is proving a real headache for many firms, and can be a distraction from their core priority of delivering returns to investors,” says Ian Kelly, CEO of Augentius. “Yet failing to stay up to date and ensuring compliance at all times is simply not an option, especially given the proactive stance of today’s regulators.
In addition to compliance support, the new company offers authorization services for funds looking to receive regulatory approval in the U.K. As part of the new business launch, Augentius is also offering a “compliance health check” for any alternative fund.
Augentius Launches Compliance Consultancy Business
Private equity and real estate fund administrator Augentius has launched a new compliance consultancy, Augentius Compliance, which will provide service for all types of alternative funds, whether or not they are also fund administration clients.