At this point probably nobody knows whether Brexit will occur or not or what form it may take. However, Scotstone's Brexit Solution is an immediate option for UK Fund Managers taking the present uncertainty worries away.
Ian Hamilton, Chairman and Founder of Scotstone Group recommends fund managers, chief operations officers and chief financial offices not to leave their “Brexit strategy” to the last minute. Hamilton, who has over ten years experience operating from Malta and who also has set up and sold one of South Africa's leading fund administration companies, prefers the efficient route of setting up mirror funds to the more cumbersome re-domiciliation, which takes time and is both costly and disruptive to existing investors.
Meanwhile, Scotstone's plug and play solution allows fund promoters to set up funds (AIFs, UCITS and Professional Investor Funds (PIFS)) as well as fund management services. This AIFMD-compliant solution applies to all current funds not domiciled in the EU and not only to UK managers.
Malta’s comparative cost effectiveness versus Dublin and Luxembourg makes it a very advantageous jurisdiction. Scotstone will build out a Dublin based platform as well to broaden their offering.
Ian Hamilton is Chairman and Founder at Scotstone Group. He was previously Founder and CEO of Investment Data Service Group, Africa's leading specialist third party investment administration group; Director: Alternative Investment Management Association, London; and Chairman: Alternative Investment Management Association (AIMA) SA Chapter, South Africa.
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At this point probably nobody knows whether Brexit will occur or not or what form it may take. However, Scotstone's Brexit Solution is an immediate option for UK Fund Managers taking the present uncertainty worries away.
Ian Hamilton, Chairman and Founder of Scotstone Group recommends fund managers, chief operations officers and chief financial offices not to leave their “Brexit strategy” to the last minute. Hamilton, who has over ten years experience operating from Malta and who also has set up and sold one of South Africa's leading fund ...more