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Guernsey Firm Gets CSP Licence

Monday, March 12, 2012

Guernsey-based firm Alter Domus, a leading independent provider of professional administration services for multinational corporations and alternative investment funds has received approval from the Guernsey Financial Services Commission (GFSC) to provide a wider range of products and services

The firm applied for the License under The Regulation of Fiduciaries, Administration Businesses and Company Directors rules in late 2011 and was advised of the approval in January. The approval permits the firm to offer the administration of unregulated companies and trusts, and to act as a full Corporate Services Provider for clients.

Since April 2009, Alter Domus Guernsey has been licensed to provide fund administration services pursuant to the Protection of Investor (Bailiwick of Guernsey) Law 1987. The firm's clients now include some of the foremost private equity and real estate funds in the region.

“Alter Domus is dedicated to expanding our service offerings worldwide in response to the needs of our clients,” the company's chairman Dominique Robyns said. “With this new approval, we look forward to providing a full suite of fund administration and corporate management services in Guernsey.”

James Brasher, the Channel Islands CEO for Alter Domus, added: “Clients who are present across multiple jurisdictions often seek to streamline administration tasks so that they can better focus on meeting their global strategic objectives. By delivering corporate management services as well as fund administration services in Guernsey, Alter Domus offers clients the convenience of working with a single service provider in this jurisdiction.”