Double commendation for Crestbridge

Monday 29 December 2014

Crestbridge has been recognised for fund servicing received a double commendation for its fund servicing by two finance awards bodies.

As well as receiving a Special Commendation in the European Specialist Administrator of the Year category at the Funds Europe Awards, Crestbridge was also Highly Commended in the Channel Islands Fund Administrator of the Year category at the Custody Risk Europe Awards

The firm, which offers a range of fund, real estate, corporate, capital markets and family office services, was also shortlisted for the Custody Risk European Real Estate Fund Administrator of the Year award.

The Funds Europe Awards, which are marking their tenth anniversary this year, celebrate achievements in the European funds landscape and feature leading firms and individuals in the funds field across Europe, whilst the Custody Risk Europe Awards feature a range of international and regional custody, administration and service provider firms.

This recognition marks the end of a successful year for Crestbridge, which recently reported significant growth in its funds business with a 700% increase in the value of funds it administers over the past 12 months. Also contributing to this success is a number of key business wins for the firm, including:

• Establishing and providing administration services to the major Jersey domiciled Kennedy Wilson European Real Estate fund
• The first registration in Jersey of an AIFMD-compliant private equity fund with the Jersey Financial Services Commission
• Being among the first to be granted Alternative Investment Fund Manager licensing by the Luxembourg regulator to become a provider of management company services to alternative investment funds.

CEO Graeme McArthur said: “Being recognised twice in the month in these prestigious awards is a fabulous result for Crestbridge and places us alongside some of Europe's largest and most highly respected specialist fund servicing institutions. The commendations demonstrate how well we have developed over the last few years and are testament to the hard work and dedication of our people.”