The fund solutions business of Capita Asset Services has been appointed as fund administrator and company secretary to British Empire Securities and General Trust Plc, which is managed by Asset Value Investors.
Capita’s Exeter-based business took over the fund administration and company secretarial support for the investment trust from 1 April 2014.
Jackie Millan, director, Capita Asset Services, says: “We are very proud to be working with one of the most respected names in the investment trust industry and were delighted to be asked to extend our existing relationship with Asset Value Investors’ open ended funds to include British Empire Securities. Capita Asset Services has over 25 years of experience in the investment trust administration field and will be able to provide a wealth of accounting and company secretarial support. We have invested in our tailor made systems in order to provide clients with an up to date, fully integrated fund accounting system.”
Kimberly Lau, director, Asset Value Investors, says: “We appointed Capita Asset Services as fund administrator of the British Empire Securities investment trust because of its reputation for administration excellence and experience in the specialist funds industry. Capita has provided invaluable support since its first engagement and throughout the transition process.”
