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Mauritius - Kane Solutions (Kane), the specialist provider of product and fund administration solutions in the international life, pension and investment sectors, announced today that it has been granted a CIS/Fund Administration License from the Mauritius Financial Services Commission, and has appointed Harish Bhoyroo as Managing Director of Kane Solutions (Mauritius).
Bhoyroo will be responsible for the day-to-day management of the Mauritius administration team and for driving the company’s regional sales and growth strategy for product and fund administration. The team will provide services extending from pre-launch fund guidance through to full operational and regulatory requirements, including NAV calculation, portfolio accounting, registrar and shareholder/investor, and tax information services, as well as providing shared services to the wider Kane Solutions Group.
Kane Solutions is a leading company in the development, integration and management of administration services and platforms. Operating a global network of offices, the group’s expertise spans every stage in the lifecycle of fund, insurance and trust-related products supported by IMS, a proprietary, fully customizable technology platform delivering straight-through processing across all business-critical functions.
Bhoyroo has nearly 25 years of experience in financial services in Mauritius, South Africa, India, Tanzania, the UK and the Isle of Man. Prior to joining Kane, he was CEO of British American Exchange Co. Before that he was Vice President within the international banking division at Barclays Bank (Mauritius) and also held senior management roles with Standard Bank Trust Company (Mauritius) and OCRA (Mauritius).
Commenting on the announcement, John Uprichard, CEO of Kane Solutions, said: “We are delighted that Harish is joining to lead Kane Solutions (Mauritius). In addition to his global experience in the fields of fund administration, international banking, and corporate compliance, he also brings a deep knowledge of the local market in Mauritius and strong experience of working with clients in key regional markets in Africa and Asia.”
Uprichard added: “Setting up a fund administration operation in Mauritius has always been a part of the broader growth strategy of Kane Solutions. This new operation means that our global network now covers all time zones and provides an excellent hub from which to service clients in Africa, India, and the wider Asia-Pacific region.”
“Kane Solutions has a high calibre leadership team with significant experience and expertise in both product and fund administration,” said Bhoyroo, “and I was attracted by Kane’s global presence and its long-term vision for Mauritius. Our focus will be on delivering excellent customer service and exploring opportunities in the region to develop long-term strategic partnerships with local, regional and international fund managers in Mauritius.”
The Mauritius office forms part of Kane Solutions’ global network, which includes fund administration and trust business operations in Bermuda, fund administration services in Dubai and insurance management and fund administration services in Malta.
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About Kane Solutions
Kane Solutions is a leading company in the development, integration and management of administration services and platforms. The team comprises highly experienced and respected market practitioners, expert in all stages of the product lifecycle, from initial design and development of the solution, through to the product build, launch and ongoing administration.
This expertise is supported by Kane’s proprietary client-based, web-enabled system, IMS, which provides all components of the administrative framework within a single platform for a wide range of products and vehicles.
Kane and Kane Solutions refer to the Kane group affiliated corporate entities that undertake the various business activities for which each is authorised in jurisdictions around the world. Kane Solutions is not itself a legal entity or a partnership. Please see Important Information at Kanesolutions.com for further information.
For further information please visit: www.kanesolutions.com
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© Press Release 2021
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