Independent fund research company, Monterey Insight, has confirmed the Aztec Group is the leading fund administrator in Jersey for the third consecutive year, administering USD126.0 billion net assets and 181 funds.
The annual Monterey Report provides a comprehensive analysis of the Jersey funds industry and its service providers by giving an insight on both the number of funds advised and the total assets under management. It revealed 2018 was another strong performance for the island, as fund assets administered in Jersey increased to USD391.7 billion at the end of June 2018, a 20.9 per cent increase on 2017. Aztec Group has once again outpaced the growth in the market in the past year by increasing fund assets under administration in Jersey by 62.5 per cent.
Monterey Insight’s Jersey Report follows the release of their Guernsey Report, which was published earlier this month. The reports confirm that the Aztec Group now administers USD163.4 billion of combined fund assets across Jersey and Guernsey, cementing the Aztec Group’s position as the leading fund administrator by assets under administration in the Channel Islands.
Edward Moore, Chief Executive Officer and founder of the Aztec Group, says: “It is wonderful to be named Jersey’s leading fund administrator for the third consecutive year. In the past 12 months, our commitment to delivering outstanding service has seen us continue to develop existing client relationships and build a number of exciting new partnerships. We very much look forward to the future as we maintain our focus on investing in our people, systems and processes to ensure our clients receive the best possible service.”