Ipes, a provider of outsourced services to private equity in Europe, has signed an agreement with consulting giant KPMG to provide investors with certain services, which will include developing and marketing services to support investors throughout the lifecycle of the funds in which they invest.
The services will continue to grow to include client due diligence (CDD), investor relations and possibly some tax information reporting as the Foreign Account Tax Compliance Act (FATCA) expands into the Common Reporting Standard (CRS), Ipes said in a statement.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In 2014, Ipes collaborated with KPMG to build a FATCA service and all FATCA entity classifications that Ipes undertakes for their clients are verified by KPMG.
Commenting on the partnership, Ipes CEO Chris Merry said: "This arrangement brings together Ipes’ skills in administration and technology development and KPMG’s expertise in tax and assurance services to form a credible solution for investors. We are looking forward to working with KPMG as we develop and market our services to investors."
The agreement was signed on 17 November 2015.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
