Brazil’s Providence Acquires And Rebrands Fund Administrator

Providence Global has completed the acquisition of Guernsey fund administrator Fund Corporation and rebranded it as Lumiere Fund Services.

Since acquiring the Guernsey fund administration business in September, Providence has already doubled its workforce on the Island and has opened a new office in Guernsey as its international administration headquarters. The new office will house Lumiere Fund Services as well as Providence's own growing global administration team.

Providence Co-Founder Antonio Buzaneli said: "The continued growth of Providence is testament to our unique approach to doing business. Guernsey is a proven environment in which to successfully deliver investment administration services and we see it becoming a pivotal hub for our future operations."