Best Fund Administrator 2016 – Mauritius
CIM Global Business is the leading management company in Mauritius with over USD 150 billion in assets under administration with offices in both Mauritius and Singapore and a representative office in South Africa. How do they sustain their success in their highly competitive industry? These and further questions are explored in the following article from the firm’s Managing Director, Graham Sheward.
Our success is nothing new, and we were one of the pioneers of the global business sector since its inception in the 1990s. Our first-mover advantage ensured that we won business from some of the world’s most prestigious firms, and those clients are still with us today, mainly because of the world-class level of service, experience and expertise that we offer which has, over the years, helped us develop a strong international client portfolio. One of our main competitive advantages is the superior service delivery offered by our Cim Global team, among which we have experienced, knowledgeable, talented and well qualified colleagues that our clients can rely on. This sentiment is heard from our satisfied clients who consist of institutional investors, asset managers, private equity fund managers, development financial institutions, sovereign wealth funds, banks, hedge funds and high net worth individuals.
Another advantage is that our firm forms part of Cim Group, the largest non-bank financial services group in Mauritius, whose parent company, Cim Financial Services Ltd, is listed on the Stock Exchange of Mauritius. This allows more scope for our clients over and above the corporate, fund and trust formation and administration services, and professional services outsourcing solutions offered by Cim Global Business. Also we have obtained our Statement on Standards for Attestation Engagements (SSAE) No. 16, Type I report in 2012 for December 2011 assessment and every year following, we have obtained clean Type II reports. We are also SSAE/ISAE 3402 accredited.
All of these combined have led to the success of our company. The group revenue for the year ended 30 September 2015 grew by 17%, which was driven by an improved performance in all business divisions. Moreover, Cim Global Business recorded a good performance on the back of increased US dollar fee revenue, a strong dollar against the rupee, with a continued focus on cost management and our strong client base. As a result, our revenue grew by 16% and profit after tax rose by 39%.
Going forward, we intend to adapt to changing circumstances in the external environment to ensure the continued progress of Cim Global Business both here in Mauritius and in key financial centres around the world. As such, we will be closer to our clients in every sense of the word!
About Cim Global Business Cim Global Business is one of the leading management companies in Mauritius with assets under administration exceeding USD150 billion. The firm has offices in Mauritius and Singapore providing corporate, fund, trust formation and administration as well as outsourcing solutions to its international client base. The company forms part of Cim Group, the largest nonbank financial institution in the country whose parent company, Cim Financial Services Ltd, is listed on the local stock exchange.
Company: CIM Global Business
Name: Graham Sheward
Address: 33,Edith Cavell Street
Port Louis, Mauritius
Phone: 230 212 9800