Capita launch Guernsey-based fund admin office with Howat to take helm

Capita Financial Group has opened a fund administration office in Guernsey. While the control and management aspects will be undertaken in Guernsey, the business will have an outsourcing arrangement with a back-office operation in Exeter. The Guernsey office is headed by Andrew Howat, and is Capita's fourth offshore fund administration office, with operations already in Jersey, Gibraltar and Dublin. Commenting on the new operation, Howat said: "Capita's name is known in the islands through its existing Jersey presence. Now, with Guernsey's fund administration sector booming, and aroun...