Standard Bank develops offshore fund services

Standard Bank is expanding its fund services both in Jersey and Mauritius. The bank recently established a team of five in its Mauritius office to handle in-house retail fund business, in order to free up resources in Jersey to concentrate on specialist funds activity. The bank has also recruited a further 11 staff in Jersey to meet increasing workloads. Peter Hart, managing director of Standard Bank Fund Administration Jersey, said: "To cater more effectively with the increasing level of hedge funds, private equity and property fund work that has been attracted to the Jersey office, part...