ARTICLE · 06 MARCH 2008

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Department of Economic Development

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SMP Partners has added to its suite of Isle of Man services with the launch of a new fund administration company. It has recruited a team of industry specialists to run the operation, which, it says, will fulfil a strong market need.

Isle of ManWealth Management

SMP Partners has added to its suite of Isle of Man services with the launch of a new fund administration company. It has recruited a team of industry specialists to run the operation, which, it says, will fulfil a strong market need.

The new company, SMP Fund Services, was established in November in answer to demand from both the company's existing client base and new business inquiries. It will be concentrating on the administration of non-authorised funds.

One of the largest independent trust and corporate service providers in the world, SMP was formed in June from a management buyout of Fortis Intertrust Isle of Man, part of the Belgian/Dutch banking and insurance giant. Its core operation is supplying international financial planning solutions to corporate and individual clients working in complex fiscal, legal and financial environments.

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