Daiwa Europe Fund Managers Ireland Ltd (Daiwa) has received authorisation to service global fund managers and promoters that are thinking about launching Dublin-domiciled UCITS pro
Daiwa Europe Fund Managers Ireland Ltd (Daiwa) has received authorisation to service global fund managers and promoters that are thinking about launching Dublin-domiciled UCITS products. This new UCITS management company services offering from Daiwa comes at a time when the alternative UCITS industry, in particular, is experiencing significant growth with new funds being launched weekly. The calls for greater transparency and accountability from institutional investors are driving this demand. Daiwa, which already has well established administration, custodial and trustee functions in the UCITS space, are looking to raise their profile even further it would seem following this announcement. It will be able to offer its clients a “total servicing solution” related to every aspect of running a UCITS fund, from full corporate governance through to risk management functions. Daiwa’s Managing Director, Karl McEneff, said that he was delighted to bring the firm’s total servicing solution to investment managers planning on launching UCITS funds, adding: “With the upcoming UCITS IV EU Directive, management companies will play a vital role in the growth of this sector, so we have taken the strategic decision to position ourselves in this regard.”
