SANNE, a provider of outsourced corporate and fund administration, reporting and fiduciary services, has received a licence from the central bank of Ireland to offer fund administration services in the country.

With this authorisation, Sanne Group Administration Services (Ireland) will be able to offer additional services to collective investment schemes and alternative investment managers in Ireland, apart from its existing trust and company service offering.

The firm’s Dublin office has a headcount of over 40. The office provides administration services to Irish structured finance and investment vehicles and regulated funds along with corporate governance support.

SANNE global senior managing director Phil Godley said: “Our new Irish licence enables us to strengthen the services we provide to our range of clients from large asset managers, investment funds, corporate and financial institutions.

“As a business, the awarding of our licence further enhances our EU-based funds capability, and we are pleased to see a healthy pipeline of new business which includes some of our existing global clients.”

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