Jersey's Elian Granted Investment Business Licence
by Jason Gorringe, Lowtax.net, London
14 September, 2015
Elian Capital Services, a specialist in Private Wealth, Capital Services, Fund Services and Corporate Services, has been granted an investment business licence by the Jersey Financial Services Commission.
With USD262bn in assets under management, SEI is a leading global provider of institutional and private client wealth management solutions that help professional wealth managers, institutions, and private investors to create and manage wealth.
Elian, which launched in September 2014 following a management buyout from Ogier Group, employs 525 people across 11 offices. The company will be working together with NASDAQ–listed, global financial-services company, SIE.
Elian Capital Services director Niall Husbands said: "Elian is one of only a handful of administration companies that are able to offer an integrated investment solution. Elian is committed to anticipating clients' needs and to providing innovative solutions to meet them. We understand that our clients' demands are evolving, and they are increasingly looking for a one-stop shop for administration and investment requirements."
Nigel Brook-Walters, sales director for SEI's Asset Management Distribution unit, said: "This partnership offers Elian's clients access to a proposition that is different from anything else on the market today. In short, it offers an institutional investment process that provides access to some of the world's best investment managers and includes manager research and selection, portfolio construction and asset allocation guidance, as well as the risk-management, transparency and oversight required by clients."
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