Pacific Fund Systems, the Isle of Man-based portfolio platform provider, has been selected by Kensington Fund Services Ltd, a newly established fund administrator based in Bermuda, for the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems has a client base with >USD1trn of assets on PFS-PAXUS.
Graham MacDonald, Managing Director of KFS, said: “The ability of PFS to provide an integrated solution that enables us to deliver timely and accurate reporting was a key factor in deciding to partner with them. Their scalable platform is perfect for a new company like ours and means that we have the technology we need now and, in the future, as we continue to grow our business.”