Guernsey-based Augentius Fund Administration has seen assets under administration
grow from EUR12bn to more than EUR50bn in the last two years, it has emerged.
The specialist provider of fund administration services to the private equity
and property sectors is celebrating two years since the management buy-out from
Ansbacher.
We could not have imagined the success we have had since we acquired
the business in 2006, commented Kerry-Anne Morley, Managing Director
of Augentius in Guernsey and an equity owner in Augentius Group Limited.
The structure of our business and the quality of our people has made
growth easy and allows us to continue to expand in Guernsey and into new jurisdictions.
Augentius is rapidly approaching 100 people globally; our reputation for quality
of service is second to none and our pipeline of new business is stronger than
ever," she added.
Barry Carroll, Senior Partner, said that Augentius celebrated the anniversary
of its success with a party for all staff and their partners on 11th July 2008
in London. "Its been fabulous to have beaten all of our growth targets.
But what pleases me most is that we have achieved intelligently managed growth.
He added: We continue to grow at a record pace whilst continuing to
recruit at the same pace and out-source from Guernsey non-core functions. This
results in sensible working hours for all staff in all locations
and no over-promises to clients. For a business on a growth trajectory like
ours, this is a wish-list result.
Mr Carroll revealed that the firm is extending the recipe for success to new
jurisdictions over the coming months with new offices in locations including
Luxembourg and New York; and with staff being offered the opportunity of an
overseas posting to all Augentius locations.
2009 will see Hong Kong, Singapore and Mauritius as new offices on the
Augentius map as we embrace Asia as a tremendous growth sector in the months
and years ahead, he added.