The move by the Central Bank of Ireland gives Highvern an EU foothold following the UK’s departure from the bloc.

Ireland’s central bank has approved Highvern to provide fund administration services to alternative funds, tapping into the ability to operate from a European Union jurisdiction. The firm launched its Irish business a year ago, with offices in Dublin.

“Ireland is a key jurisdiction for our funds business, and of strategic importance in our international expansion strategy,” Philip Dempsey, Ireland country head of Highvern, said.

The group also has a presence in the Cayman Islands, Guernsey, Jersey, the UK and Switzerland. The move by the Central Bank of Ireland gives Highvern an EU foothold following the UK’s departure from the bloc.

Last week the business appointed former senior KPMG figure Colm Clifford as its Irish independent non-executive director.

(Pictured is the Ireland team: Left to right: Adrian Bailie (director), Colm Clifford (independent NED), Emma Keane (director) and Philip Dempsey (head of country Ireland).)