Dublin, May 23 / PRNewswire / – Sane, the award-winning global alternative investment and business service provider, is proud to be the first successful applicant to receive a long-awaited specialist custody license from the Central Bank of Ireland. . This is a very important milestone for our Irish company. This license enhances San’s capabilities in Ireland and offers cross-border offerings to alternative fund managers.

San Depository Services Ireland Ltd. is currently licensed to provide custodial services to collective investment schemes that require an efficient and independent specialist custodian to meet all AIFM requirements. The new license expands the closed-end fund range already established by Sane in Ireland.

Dermot Mokler, head of alternative investment at San, explained:
“We are very excited about our exclusive depot clearance. This new license is an important addition to our offer in Ireland to serve customers in a prime location such as Ireland, and enables us to offer managers a comprehensive, flexible and affordable service.”

Philip Dempsey, Head of San Ireland, added: “We specialize in quality customer service. The last few years since I became head of San Ireland have seen steady growth in our Irish business in all alternative asset classes. By integrating our flagship technology platform with our flagship technology first-party achievement that proves that our fund manager works for clients, we are always one step ahead in offering our customers a comprehensive one-stop-shop service solution. “

Sane’s global business outs continues to see strong demand in the global demand for outsourced alternative assets, corporate, fiduciary management and reporting services. Sane was recently selected as the Best Administrator at the prestigious Hedgehog European Award 2021.