The firms (who provider fund services to managers of private equity, venture capital, real estate and fund of funds) and their clients will benefit from enhanced cross-jurisdictional capabilities and access to a transatlantic network. Standish’s clients will also be able to gain access to Ipes’s corporate services and European regulatory expertise.
The alliance gives US-based fund managers access to experts in European fund structures and new European regulatory requirements, including the AIFM directive.
European managers will gain access to experts in US structures and tax complexities, which is especially important in the current legislative climate as managers are required to comply with Fatca and other tax exchange agreements.
Ipes commercial director Justin Partington said, “Standish appealed to us on the basis of their success. They have grown rapidly through their excellent client relationships and high-quality customised service delivery. Now is a particularly good time to establish this partnership as both European and US fund managers cope with AIFM directive and Fatca.”
“As Standish has grown and our clients’ global needs have expanded, we have looked to Europe to find a partner,” added Robert Raynard, managing partner Standish.
“We are looking forward to leveraging the partnership, particularly for our clients that have a European domiciled fund structure and need an AIFM directive depositary. Fund managers on both sides of the Atlantic will benefit from our collective knowledge and expertise.”