Crestbridge granted Irish licence

Crestbridge has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland.

Back in March, the firm expanded into the jurisdiction via its newly launched Dublin office, enabling Crestbridge to offer a full range of integrated corporate services to multiple Irish domiciled company structures.

“Regulatory approval of our fund licence enables our Irish team of industry experts to use their intricate understanding of complex multi-jurisdictional structures, as well as the operational, regulatory and marketing requirements to deliver Crestbridge’s agile, high-touch service solutions to the Irish fund industry,” said Andrea Lennon, head of fund services, Ireland.

Crestbridge has joined a number of firms who have expanded their fund services to the jurisdiction since the approval of Ireland’s limited partnership reform by the Irish government last September.

In June, Alter Domus launched its Irish AIFM, having acquired Beechbrook Capital’s business and received authorisation from the Central Bank of Ireland for specialised depositary services in May. In the same month, CSC Global Financial Markets secured a depositary licence from the Central Bank of Ireland, having received its Irish fund administration licence last year. In March IQ-EQ launched a dedicated funds service segment in Ireland, while JTC expanded its fund services operations in Ireland in May 2020. Additionally, Duff & Phelps launched its Ireland Super ManCo in the jurisdiction in August 2020.