Daiwa Securities’ global asset services unit has launched Daiwa Fund Asset Services to offer authorised corporate director services to UK domiciled collective investment schemes.
Daiwa Securities’ global asset services unit has launched Daiwa Fund Asset Services to offer authorised corporate director services to UK domiciled collective investment schemes.
The service offered by DFAS, which is authorised and regulated by the Financial Services Authority, will compliment the existing fund services provided by Daiwa’s UK and Irish operations to the hedge fund and asset management industry.
Brian Guyett, chief executive of DFAS, says: “We believe the shift toward regulated products, driven by investor sentiment, creates a unique opportunity for service providers with the appropriate structures in place. The establishment of our ACD offering will leverage off our 20 plus years’ experience in the fund servicing industry and will be of benefit to those promoters and investment managers interested in UK domiciled products.”
Geoff Mackay, a professional in the UK investment funds market who joined Daiwa last summer to assist in developing the service offering, will manage the operation of the new service.
