The transaction demonstrates Hawksford’s commitment to the Asian market and takes the corporate, private client and fund administration company’s global headcount to over 400, with 200 now based in Asia.
Partners in the new fund are drawn from the US, Europe and Asia, and include the States of Guernsey’s Consolidated Reserve Fund.
“This year has seen the launch of our online reporting platform for co-funders of asset-backed loans, a new £50m funding line, the integration of Funding Knight into the Sancus Group and continued growth across the business,”
ILS business in London has been slow taking off to date, Guernsey practitioners heard on a roadshow earlier this year, which took in visits to lawyers and industry representatives in both London and Zurich.
The “gold” status has been awarded to JTC in the Channel Islands and Isle of Man, BVI, Cayman Islands, Switzerland, USA, Malaysia, Singapore and New Zealand.