WARSAW, Poland--(BUSINESS WIRE)--Atlantic Fund Services (AFS) launches services for funds in Austria; the 7th market in which AFS expands. Austria is the 3rd market Atlantic has entered since the beginning of this year. Apart from its home market, the Polish company offers its services in Luxembourg, the U.S., the Czech Republic, Slovakia, Liechtenstein, and since May, in Austria.
“In the past three years we have taken huge steps down the path of international growth of the company. Not long ago we were present only in Poland and the U.S., we are now in seven markets,” says Roman Lewszyk, CEO of Atlantic Fund Services operations in Europe. “Our appetite, however, is much bigger and we are already thinking about new markets in which we will offer our services,” continues Mr. Lewszyk.
AFS’ core offering in Austria will be systems and applications for investment funds. The Polish company will service and support the distribution of Evolution Value Funds. The cooperation with CAIAC and its Austrian distributor Ertrag & Sicherheit (E&S) focuses on processing investor data and fund transactions by applications developed by Atlantic. The cooperation will be based mostly on AFS’ Global Transfer Agency System. This flexible system allows customizing functionality in line with the clients’ needs.
In the case of CAIAC, an Internet Mobile Transfer Agent app has been created which allows CAIAC to monitor in real time investor data as well as transactions. The application also presents historic data, generates reports on diverse levels, and supports Anti-Money Laundering (AML) and Know Your Customer (KYC) processes by rejecting investors on certain sanction lists.
ABOUT ATLANTIC FUND SERVICES
Atlantic Fund Services is a global third party fund administrator with $18 billion in assets under administration and operations in the U.S., Luxembourg and Poland. Atlantic Fund Services provides comprehensive fund administration, fund accounting, transfer agency, distribution and compliance solutions. Atlantic Fund Services supports registered and unregistered investment advisors, and advisors to pension funds, mutual funds, hedge funds, UCITS, SIFs, common and collective funds, ETFs and other pooled investment products. For more information, please visit: www.atlanticfundservices.eu.