Offshore
Providence Financial Buys "Offshore Hub"

Brazil’s Providence Financial has snapped up fellow fund administrator Fund Corporation in a move that now gives them a presence in Guernsey.
Brazil’s Providence
Financial has snapped up fellow fund administrator Fund
Corporation in a move that now gives them a presence in
Guernsey.
All 10 Fund Corporation employees will join a newly-established
Providence Financial Guernsey office.
Headquartered in London, Providence Financial is an emerging
markets specialist with administrative hubs in Guernsey, Miami
and Sao Paulo and significant operations in Brazil.
“This is an exciting opportunity as Providence Financial is
aspirational about growing its Guernsey business,” said Paul
Everitt, managing director at Fund Corporation,
“Guernsey has been chosen as the offshore hub for what will
become a global integrated financial services platform and we
look forward to the impetus that this will provide for the fund
administration team.”
Fund Corporation was founded in 2007 by the Trust Corporation
Group and provides fund and investment administration across a
wide range of asset classes and fund structures.
Trust Corporation will continue to employ 25 people at Kings
House, its premises in the Grange.