GlobeOp Financial Services gets license for of its Dublin office from the Irish Financial Services Regulatory Authority. The office is controlled by Jim Casey, GlobeOp’s global head of investor relations.
The company serves more than 14,000 investors globally. Dublin office will enhance European-domiciled hedge fund administration services.
An initial team of dedicated local professionals expands the company’s existing fund administration network based in the Cayman Islands and the USA. The licensed office will provide fund accounting and reporting – including independently derived net-asset-value (NAV) reports – share registry and transfer agency, and investor communications. Web-based performance reporting tool GoBook(tm) will facilitate the process.
The GlobeOp Ireland license allows us to directly service Irish domiciled funds and support European hedge fund clients and their investors with full fund administration services, says Vernon Barback, president and chief operating officer, GlobeOp. This includes independent and transparent fund performance reporting. Basing our global investor relations leader in Dublin reflects the importance of this market to us and our commitment to ensuring services reflects the SAS 70 Type ll standards that are our benchmark.
Ireland is a strategically important administrative center for European domiciled funds, says Jim Casey. Despite market turbulence this past year, the European funds sector continues to develop its long-term potential. I look forward to building a Dublin team whose best practices further strengthen our fund administration services globally.
L.D.