Grant Thornton ABAX Investment Services, based in Luxembourg, has selected PFS‐PAXUS for the administration of its funds services.
Carlo Reding (pictured), partner of Grant Thornton ABAX Investment Services, says: “After a thorough evaluation process we identified that PFS‐PAXUS was going to be a great fit for our business. The breadth of functionality available within the system is very extensive and will put us in an ideal position to administer almost any fund structure that we might be presented with.”
Incorporated in 2009, Grant Thornton ABAX Investment Services is regulated by the CSSF and provides services such as transfer agent, central administration, AIFM set‐up and support, compliance support, AML and KYC services, IT hosting, directorships and risk related services to its clients.
Reding says: “Grant Thornton ABAX Investment Services is focused on growing our fund administration offering, and we believe having PFS‐PAXUS as our core technology platform will allow us to optimise the fund administration process and thereby drive growth in our business. We look forward to a long and mutually beneficial relationship with the team at PFS.”
Pacific Fund Systems (PFS) is a provider of alternative fund administration software via its PFS‐PAXUS application, a fully integrated share registry and fund accounting system, and PFS‐CONNECT, its real‐time web portal.
PFS services more than 70 client sites across multiple global jurisdictions with in excess of USD400 billion of assets managed on PFS‐PAXUS.