Beacon provides fiduciary services, fund management and administration, and other investment services in British Virgin Islands and Cape Town of South Africa.
Following the acquisition, Caledonian Fund Services’ assets under administration will rise to US$5 billion further strengthening its presence in the two regions.
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The founder of Beacon, David Sims who holds 20 years of experience in fund administration will be the global managing director for Caledonian Funds Group.
Post acquisition the group aims to leverage resources and cater to a larger market.
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