Progress bar
News

Sanne granted Mutual Funds licence in the Cayman Islands

News 25 March 2021

Sanne granted Mutual Funds licence in the Cayman Islands

Sanne, an award-winning global provider of alternative asset and corporate administration services is delighted to announce that it has secured a licence to act as a Mutual Fund Administrator in the Cayman Islands, boosting its already strong proposition.

Sanne Group (Cayman) Limited is now licenced under Section 11 of the Mutual Funds Act (2021 Revision), to act as a full Mutual Fund Administrator in the Cayman Islands subject to the provisions of The Mutual Funds Act (2021 Revision). The new licence expands Sanne’s existing product offering in the Cayman Islands, adding fund administration to its existing regulated trustee and company management services capability.

We are delighted to have obtained this new licence. It underlines our trusted reputation as a global leader in providing fund administration and corporate services and aligns with our expansion plans as we double our head count on the island, strengthening our commitment to the market. It also demonstrates Sanne’s belief in Cayman as a leading funds jurisdiction and we look forward to actively participating in Caymans continued growth story.”

Gavin Gray
Head of Sanne Cayman Islands

Quality client service is at the centre of what we do. We continue to improve our service offering to clients and obtaining this licence demonstrates our dedication to broadening our already comprehensive fund services offering, giving our clients a broader choice of service domicile, with the knowledge that they continue to access a consistently high level of client service. The new licence will enhance our already well-established network and market expertise, whilst complementing our existing fund offering.”

Peter Nagle
Chief Commercial officer

The news comes following Sanne’s successful acquisition and integration of Avalon Trust & Corporate Services Ltd, a highly regarded trust and corporate services provider situated in the Cayman Islands.

Sanne’s global business has continued to see strong demand for its outsourced alternative asset, corporate and fiduciary administration and reporting services across its global network of offices.