DMS Governance specialises in providing global fund governance with the firm best regarded for the provision of offshore independent directors in the Cayman Islands. The second core business line is its UCITS and AIFMD management company and platform based in Dublin and Luxembourg.
"The demand for our European range of solutions has exceed expectations to the degree that we have doubled out footprint in Ireland and just relocated a senior executive team to Luxembourg to support the growth. Whilst proud of the now 94 mandates secured, what pleases me more is our ability to adapt to our clients changing needs through provision of MIFID services, active trade execution, verification and settlement services and now distribution. Our range of products allows managers to focus singularly on alpha generation; a unique offering in the European Hedge Fund space.
"In addition, we have over 100 risk clients to whom we are providing a range of risk and reporting services," comments CEO, Anne Storie (pictured).
"We're listening to our clients and what the industry is facing in terms of regulation and we're trying to find the right solutions. We have a duty to do so being governance experts."
Storie confirms that interest in its European solution suite built momentum in 2016, be it for DMS's AIFM platform, UCITS platform, Annex IV reporting solution or guiding clients to register their offshore funds on a private placement basis.
"Hedge funds can suffer from regulatory fatigue – it is our job is to help them as much as possible and due to recent regulatory changes we have been busy across the board," says Storie.
Three years ago, DMS hired Jason Poonoosamy to develop DMS's proprietary risk system. This substantive approach to risk is a point of differentiation at DMS, having invested considerable time and money to ensure that its solutions are recognised as best in class.
Beyond regulatory services DMS Bank & Trust have identified and fulfilled another industry need; client friendly and responsive banking services providing clients with cash management solutions, active FX, trading and custody solutions.
The DMS group is increasingly recognised as providing `all-encompassing services' thanks to the strength of its internal technology, and the breadth of its team, both in Cayman and in Europe.
"The banking services we are providing to hedge funds are also of tremendous interest to family offices and expanding further in to this group is one of our primary goals for the bank in 2016," says Storie.
"The latest key growth area for us is the provision of bespoke solutions for the structured finance industry. We recently hired a new Global Head of Structured Finance, Murray McGregor. Murray has been in the industry for more than 20 years and we're excited to have him on board."
"All these services are underpinned by DMS's 17-year track record – our Directors have literally watched all of the regulation as it's evolved. This gives us a level of in-house governance expertise that we pass along to not only our clients, but the service providers we work alongside," says Storie.
Looking ahead into 2017, Storie further notes: "We are excited and motivated for the year ahead with the continued growth of our firm and products in the areas of governance, risk, and compliance globally. Our robust and dedicated team and its relationship driven approach coupled with our track record of being solution focused allows us to move into 2017 as the clear industry leader."