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Abacus launches Malta operation

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Abacus has launched Abacus Fund Administration at its new European office in Malta, having gained full Fund Administration Recognition Certificate status from the Malta Financial Services Authority.

The Malta office is focused on providing Abacus with a platform to develop its business across global markets.

Abacus is now able to provide a full suite of fund administration services to fund managers seeking to launch funds in both onshore and offshore domiciles.

Paul Kneen, managing director of the Abacus funds group, says: “The Malta office is an integral part of our growth strategy, having offices in the Isle of Man and Malta will allow Abacus to provide a full range of fund administration solutions, from hedge funds to Ucits compliant structures. Malta is widely tipped to be the new hotspot for EU fund domicile, supported by its growing reputation as a viable alternative to the more established EU fund jurisdictions of Dublin and Luxembourg.”

Mark de Marco has been named regional general manager at Abacus Fund Administration. He is a fellow of the Maltese Institute of Chartered Accountants and has over 30 years’ experience in financial management including fund administration, corporate secretarial administration and financial accounting services.

 

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