Davy Global Fund Management (DGFM) provides management company services to global asset managers who establish funds in Ireland and Luxembourg. We talked to Annette Stack, Director at DGFM, and asked her why they appointed the FE fundinfo Global Funds Registration (GFR) service as a key strategic partner in servicing their clients’ other needs.
DGFM provides regulatory and risk management oversight, distribution support, and portfolio management services for UCITS and AIFs, enabling their global asset manager clients to launch European domiciled funds and attract investor capital in Europe. Given the range and complexity of European legislation, DGFM recognised they required enhanced support to ensure an in-depth understanding of requirements across multiple jurisdictions.
DGFM were drawn to the FE fundinfo GFR service because we provide specialist consultancy and project management, designed to relieve managers of the administrative burden of cross-border global funds registration. GFR organise the ‘passporting rights’ to enable managers to sell their funds across over 70 jurisdictions, and then we ensure those funds remain compliant throughout.
Our partnership with DGFM began in 2018 when they asked us to carry out the registration and maintenance for one of their UCITS clients whose funds were registered in 12 European jurisdictions. As Annette put it:
“Trusting another business to execute work for our clients is not a decision we take lightly, so we entered into a ring-fenced pilot project with GFR, working through every step together to ensure we delivered according to our client’s expectations.”
Following the successful outcome of this initial project, our relationship with DGFM developed and GFR is now DGFM’s partner of choice to support the registration requirements for their UCITS and AIF clients. The GFR team manage the initial registration of clients’ funds and then work with their in-market network to ensure ongoing compliance of those funds under changing local regulations. Because of our extensive team, we can source the right individuals with appropriate expertise, and deploy them according to the needs of the client.
We asked Annette to tell us what she particularly likes about our service. Here is what she told us:
A simple approach
We like the way GFR execute their business. Their process is straightforward, their team have clear roles and responsibilities and we have ready access to the information that we require in a client-friendly format. There is clarity of ownership in relation to each task which makes it easier to obtain answers to any questions we may have.
The team are proactive, responses are prompt and concise and there is a ‘can-do’ approach.
We have confidence in the GFR team’s knowledge and expertise within the jurisdictions our clients target. They are our eyes and ears on the ground there. We rely on them to keep us updated on market changes to ensure compliance in each jurisdiction.
The team at GFR are very client-focused, and work to provide value for the end client. This ethos is very much aligned to our own.
Annette went on to say,
“GFR have an established network in key European jurisdictions. Given their range of expertise, DGFM are satisfied we selected the right partner to support our registration services offering to clients. We believe GFR bring real value to the table.”
FE fundinfo's Global Funds Registration team is a specialised consultancy and project management service that supports the cross-border distribution of funds in more than 70 jurisdictions. To find out more, contact us.