Kane LPI Solutions has received approval for a Category 4 fund administration license by the Dubai Financial Services Authority (DFSA).
The new license will enable it to provide a full range of fund administration services from the Dubai International Financial Center (DIFC) to companies in the DIFC and the wider Gulf Cooperation Council (GCC) region.
This is in addition to the investment product services that it currently provides.
Kane LPI has been providing global fund administration services for over seven years to the hedge fund and investment fund industry through its international network of offices.
John Uprichard, CEO of Kane LPI, said: “The fund management sector is a rapidly expanding component of the financial services industry in the DIFC and there is significant demand for local, specialist fund administration services.”
“Fund administration is a core part of our client offering and we are keen to bring the range of solutions and depth of experience we offer to meet this growing demand both in the DIFC and wider GCC region,” he added.
