Series of milestones mark continuing strong performance of LPI team
2013 was a landmark year for Kane LPI Solutions and also saw a resurgence in the use of offshore structures in an increasingly dynamic and competitive marketplace. The year saw an influx of new players into the market in response to heightened demand resulting from both increasing capital and a growing confidence in offshore solutions.
The most significant milestone for the firm was the establishment of Kane LPI Solutions Limited in Bermuda, a move which Nar Almeida, Head of Sales and Marketing, said “was a recognition of the strong growth we have achieved across our administration services and further strengthened our market presence.”
2013 also saw Kane LPI extend its administrative reach with the launch of a new fund administration arm in Bermuda and the appointment of Matthew Charleson to head up this service line. “The fund team have been quick off the mark,” said John Uprichard, Managing Director, “and have already secured a number of new funds since the October launch.”
The MENA-based compliance team also had a solid 2013. The appointment of David Cafferty in May to head up the Compliance Advisory Service team helped secure a wide range of clients including brokers, underwriters and reinsurers.
Kane LPI Solutions continued its focus on client-driven product innovation, enhancing its services and extending the capabilities of its IMS web-based platform to facilitate improved customer interaction through its new module IMS Connect. These advances not only secured new clients, but also facilitated new projects with existing clients, such as the complete migration of one organization’s front-end system onto the IMS platform.
The year concluded with Kane LPI Solutions successfully concluding its first SOC 1 (Service Organization Controls Report) audit of its Service Centers enabling the division to display the AICPA/SOC Seal on its website – a fitting end to a successful year.