Funds Industry Report - Flipbook - Page 36
Colin McKeon Bridge Consulting
Colin McKeon
Head of Management
Company Services
Bridge Consulting
Bridge Consulting (“Bridge”) was established
to provide specialist business and management advice and support to the nancial
services industry. Bridge has a global client
base which includes investment managers,
insurance companies and banks. Their services range from governance solutions and operational support to strategic advisory work.
The philosophy behind Bridge is to apply real
world knowledge and experience to assist
clients in developing and implementing practical solutions to the business issues that face
them.
Their experience lies in making the complex
simple – in presenting companies with a range
of options, with the factors behind each choice
clearly outlined in terms that are relevant to
the decision being made. The professionals
who work for Bridge have gained this experience in a variety of roles, as practitioners, in
industry and in working for regulators.
The Continuing Evolution Of
Management Companies Within The
Irish Funds Industry
established their own management companies with an emphasis on supporting their
own funds that were often very large fund
ranges with multiple sub-funds.
Management companies supporting UCITS
and AIF type fund structures have a long
history within the Irish funds industry. It
wasn’t uncommon and still isn’t for various
Fund administrators to offer a management
company structure to clients looking for a
quality partner with a strong balance sheet to
support their various fund offerings. In many
cases, this made sense and worked well for
the fund and the management company of
the administrator. Some promoters also
Over time as the industry grew signicantly,
a
number
of
independent
companies
entered the market to provide a third party
management company service. This has
proved extremely popular with fund promoters looking to work with a third party management company. The increased growth of
third
party
management
companies
in
Ireland is a testament to the need for such
services across the industry.
35