MSC Group launches fund administration platform
The MSC Group is launching its new fund administration platform, MSC Abacus, which will operate in support of but independently of the group’s corporate trust business, MSC Trustees.
The new administration offering would be open to both existing clients of MSC Trustees and fund manager clients operating under their own trusteeship or other external trustee firms.
MSC Group’s managing director, Matthew Fletcher, noted that the lack of administration options and absence of tailored solutions started to become frustrating for fund manager clients, given the recent growth of the Australian fund market beyond large, pooled asset funds.
“In launching MSC Abacus, we are seeking to address a broader market need for high-quality administration services that provide ultimate flexibility for clients, no matter how their capital is structured or the level of transaction activity,” he said.
The MSC Abacus business also announced a number of key appointments recently made including general manger, Priya Sharma, who was a part of White Outsourcing from its 1999 origins as a spin out from Moore Stephens and eventually acquired by Link Group in 2016.