London, NFAPost: Amicorp FS (UK) Plc (‘AMIF’), successfully listed on the London Stock Exchange’s Main Market on Thursday.
In a statement, Amicorp said the listing of AMIF marks a significant step forward for this business to accelerate its growth ambitions, both organically and through acquisitions, at a time when demand for fund services continues to rise as more investors switch to using funds to provide a more efficient, flexible and cost-effective investment vehicle.
“In addition, ongoing changes in tax legislation and financial reporting requirements across multiple jurisdictions are further increasing that demand as many family offices now look to use funds to organise better estate planning, family succession and as a means of bundling several families into joint investments,” states the company.
Fund vehicles like Venture Capital Companies (‘VCCs’) offer asset managers, family offices and investors get significant benefits by providing a flexible platform to create different investment structures and open the door to a wide range of different tax treaties. AMIF is one of the few providers to have VCC licenses in both Singapore and Mauritius.
Expressing happiness over the development, Amicorp Group CEO Toine Knipping said with less trust in banks, we are seeing billions of dollars being moved into funds, particularly private equity and venture capital funds.
“This presents a significant opportunity for AMIF to service that exodus given our already well-established network, and to now build on that further off the back of the listing to provide our clients with even more opportunities,” said Amicorp Group CEO Toine Knipping.
The capital raised through the listing of AMIF will be used to expand its global sales team, to bring new innovative technology solutions to market, particularly artificial intelligence capabilities to bring improved efficiencies, and to acquire additional fund administration licenses, adding to the seven licenses AMIF already has in place.
“AMIF’s plans include obtaining a fund administrator license in Ireland and a custodian license in Luxembourg, spreading its geographical reach to cover more of the world’s financial centers and diversifying its income streams” added Amicorp Group CEO Toine Knipping.
He also said earlier this year Amicorp started a fund administration department in Brazil, which is already getting great interest.
“We are also exploring the Gulf Region as well as East Asia for further expansion opportunities; underpinning AMIF’s focus on emerging markets and rising financial centers and instruments,” said Amicorp Group CEO Toine Knipping.
The majority of the capital raised via the listing will be used for acquisitions and consolidation of what is widely recognised as a fragmented marketplace, which will boost AMIF’s footprint internationally.
To find out more about the listing, please visit the AMIF investors page here. If anyone is interested in finding out more about cooperation or investment opportunities in the business, please contact the team here.
AMIF is an international specialist fund services group that works with a broad mix of clients including institutional investors, fund managers (private equity, venture capital and hedge funds) as well as family offices to provide a suite of specialist services across global markets. AMIF operates at significant scale, providing local and global expertise to over 440 active funds.
AMIF provides a comprehensive and tailored range of services which are all underpinned by market-recognised technology solutions that support clients across the value chain, from a single point of contact.
These include:
• Fund administration & Investor Services: Fund accounting, fund administration, in-house NAV calculation, investor services including Register & Transfer Agency services, booking of subscriptions & redemptions, audit liaison/support, real time oversight over investment performance.
• Regulatory & Compliance Services: FATCA and CRS reporting services, Fiduciary, Anti-Money Laundering (AML) officer services in compliance with international rules and regulations including administrative support to the Board and Committees of the Board.
• BPO Services: Simplifying accounting and administration services through automated accounting processes and providing management insight into business operations through regular and consistent management reporting.
