NAV F U ND SER VI CES
CONTRIBUTING TO GROWTH in Gibraltar BY AMBUJ GARG
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hen the Gibraltar Financial Services Commission (GFSC) approved NAV Fund Services (Cayman) Ltd. to act as an external fund administrator for Experienced Investor Funds (EIFs) domiciled in Gibraltar in October 2021, NAV became only the ninth external fund administrator operating in Gibraltar under GFSC consent. This expansion of fund administration expertise in Gibraltar sets the stage for exponential growth in terms of new fund launches in the jurisdiction and increased support for existing funds to further develop. “Clients in Gibraltar are looking for a fund administrator that can offer customised services with an attractive pricing structure,” NAV COO Ambuj Garg observed. As the newest entrant to fund
GIBRALTAR IN FOCUS 2022 | JANUARY
administrator options in Gibraltar, the firm is well-positioned to support the expected growth in the territory, bringing 30 years of industry experience, flexible technology, a highly cost-effective pricing model, and an expert team ready to quickly implement solutions. NAV offers full fund administration services including fund accounting, financial accounting, compliance support, registrar, transfer agency, and client services. “European providers tend to be expensive and offer admin services as a fixed menu. With our own proprietary technology and a 200+ in-house IT staff, NAV has the freedom to offer clients solutions customised to their unique needs at a much more cost-effective fee,” Garg notes. “And, our solutions easily scale
with the growth of the fund. This means clients pay for what they need, when they need it and are not locked into paying for a standard agreement that may include services they don’t yet want or require.”
EFFICIENCY AND PROFESSIONALISM
The outlook for the financial services industry in Gibraltar is bright, but players in the industry need to remain mindful of the potential hurdles they could face on the path to meeting their goals. According to Garg, the biggest challenges to growth are the availability of reliable technology and the ability to draw on industry expertise in support of rapid, compliant onboarding. “For best success, funds need to work with a fund
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