PARIS, LONDON, March 4, 2013 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that fund administrator SGGG FEXSERV has selected Linedata Mshare transfer agency solution to support its expanding business in Malta and complement its proprietary systems. This is Linedata’s fifth Maltese client.
SGGG FEXSERV has been established in Malta since 2008. Taking advantage of Malta’s position as a growing administrative center, the company has increased its client base of alternative investment funds to a wide extent requiring an enhanced transfer agency system in order to allow a wider range of scenarios, reflecting the diverse needs of alternative managers. It also wanted a solution ready to meet changing industry and regulatory requirements where continuous product investment was important. Linedata Mshare met these requirements. SGGG FEXSERV’s COO Lawrence Buttigieg explains: “We are constantly looking to increase our efficiency. In servicing the alternative investment market, there are as many approaches to equalization and performance fee calculations as there are clients. With Linedata Mshare we will have no limitations on clients’ requests that we can service. The automation in setting up different scenarios is key. In addition, we will free ourselves from time spent managing and upgrading a proprietary system in the knowledge that Linedata will do this for us.”
As Malta establishes itself as a center of fund administration expertise, Linedata’s commitment to the island was also pivotal. Lawrence Buttigieg comments, “Most established transfer agency systems have similar functionality. What singled Linedata out is its commitment to our local market with an established presence in Malta. We are a boutique style operation, and differentiate ourselves by providing high quality client service delivered from qualified professionals; service is something we understand very well and we feel that Linedata is in a position to provide us with good support.”
“I’m very pleased to welcome SGGG FEXSERV to Linedata’s growing number of Maltese clients,” said Adrian Andrews, Linedata’s Managing Director for Northern Europe. “Malta is a key area for us with its highly skilled workforce. Linedata delivers to the market a range of alternative and institutional investment software platforms to meet any fund administration need plus a commitment to service and to developing our presence here in Malta.”
ABOUT SGGG FEXSERV
SGGG FEXSERV Fund Services (Malta) Limited is a recognized fund administrator by the Malta Financial Services Authority. With the experience of SGGG Fund Services Inc. having over 220 alternative strategy funds under administration worldwide, they have seen virtually every type of fund strategy, helping them evolve a sophisticated understanding of the needs of their clients. To this they add the experience of Fexserv Financial Services, one of the leading and most established companies in the financial services industry. They act as the administrative partner, helping their clients focus on the management of their fund. Operating out of Malta and through affiliate offices in Toronto and the Cayman Islands, they provide third-party Fund Valuation & Accounting, Unitholder Recordkeeping and Transfer Agency administration services to investment fund managers.
Brendan Conlon, Director
Tel: +353 86 839 8133
Lawrence Buttigieg, Chief Operating Officer
Tel: +356 2576 2121
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the setup of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 144 million in 2012. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Liz Fidler, Marketing Manager, Back Office Asset Management
Tel: +44 207 469 8725