Mainstream Fund Services in Ireland and the EU

Ireland is a leading international financial centre and the domicile of choice for UCITS (Undertakings for Collective Investment in Transferable Securities) and Non-UCITS funds. Over 40% of global hedge fund assets are serviced in Ireland.

Our Dublin based operations have provided administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to numerous funds and investment vehicles since 1994.

Strengths of our Irish operations include:
− People
– Processes
– Technology
− Continuous innovation
− Daily processing and calculations
− Automated customisable reporting and dissemination to multiple destinations
− Middle office data
− Risk and regulatory reporting and oversight including due diligence, risk analytics, stress tests, collateral decomposition & liquidity calculations, risk calculations
− 24 hour online portal access by management and investors, supported by an IT team located in Ireland

The operations are led by Europe and Cayman CEO, John McCann.

Find out more on how Mainstream can help you establish and administer your funds in Ireland.


Time in Ireland:


Dublin, Ireland Office

Mainstream Fund Services (Ireland) Limited
Oyster Point, Temple Road
Blackrock, A94 K2P4 Co. Dublin

Google Map of Oyster Point, Temple Road Blackrock, Co. Dublin

Our Staff

John McCann

Chief Executive Officer, Europe and Cayman

John has over 30 years of experience within global financial services, working in various domiciles such as London, Jersey, Cayman and Dublin. He founded Trinity Fund Administration Limited in 1994 before joining Mainstream in 2017. John is a current member of the Institute of Directors, Ireland, an associate member of the Chartered Institute of Bankers (“CIB”), in Canterbury, England, as well a member of a number of other industry groups and committees. He is a sought after speaker and participates in numerous national and international associations (such as Enterprise Ireland Funds Services and Cluster Group, The Financial Services Governance Risk and Compliance Technology Centre (GRCTC) and AIMA), each committed to a greater understanding of the industry and the practical application of regulatory, legislative and commercial change.
John graduated with a B.A. in Economics and Sociology from the University of Manitoba, Canada. He also holds a Trustee Diploma from the CIB.

Contact Details:

+353 1 279 9660

emea@mainstreamgroup.com

Background


Ireland is regarded as a key strategic location by the world's leading players. Ireland is a committed member of the European Union and will remain so, providing full market access to the EU. Over 880 fund managers from 50+ countries have assets administered in Ireland. 17 of the top 20 global asset managers have Irish domiciled funds. Ireland offers managers access to the EU-wide marketing passport for UCITS and AIFs. Ireland is an English-speaking member of the EU and Eurozone and is known for its clear and practical regulatory framework and support for the funds industry.


The Irish funds industry plays a key role in leading and responding to regulatory developments at EU and national level. Wherever your fund is domiciled, it can be serviced out of Ireland. Mainstream (formerly Trinity Fund Administration Limited) opened its Dublin office in 1994 to provide boutique, high-touch, institutional-grade service for EU domiciled funds. In 2017 Trinity became part of the Mainstream Group, bringing an established market position, strong operational processes and experienced management team to the Group. Mainstream Fund Services (Ireland) Limited is regulated by the Central Bank of Ireland and bound by Irish anti-money laundering legislation derived from the 3rd EU Money laundering Directive.


Global Expertise


Mainstream Fund Services (Ireland) Limited is part of Mainstream Group Holdings Limited (ASX: MAI), a listed company specialising in fund services. The Group provides fund and superannuation administration services underpinned by investment in people, processes and technology.

As at June 2018 the Group provides administration services to 815 funds and more than 100,000 investors with assets under administration in excess of AUD $138 billion. Mainstream employs over 245 people, with operations in Australia, Singapore, Hong Kong, the United States, Ireland, the Isle of Man, Malta and the Cayman Islands.

Learn more about Mainstream worldwide.

Reliably proven success by the numbers:
815+
Funds
20+
Years Experience
$138bn+
In Funds Outsourced to Mainstream

Local services

Mainstream is a specialist fund administrator and corporate service provider based in Dublin. We offer a bundled offering for asset managers looking to streamline the entire investment process from order management to client reporting, middle office services and regulatory support.

Whether you are forming a new fund or considering a change in administrator, we can help.

Services for open or closed funds include:

Incorporation
  • Project manage the entire setup process
  • Central point of contact for all the parties
  • Reviewing draft documentation and assist in bringing the documentation to a final format
  • Provide introductions to key service providers
  • Assist with the completion of account opening forms with the Bank and assist with bank’s KYC process
  • Works with international law firms across all our domiciles including Ireland, Cayman Islands, Delaware, USA, UK, Cyprus, Bermuda, B.V.I., Bahamas, Malta, Gibraltar, Hong Kong and the Channel Islands
Corporate services
  • Support the Board of Directors in meeting their responsibilities
  • KYC document collection and review
  • Maintenance of statutory books and records in accordance with local Company law
  • Liaison with local authorities and service providers to facilitate good corporate governance
  • Convening of General meetings and Board meetings
  • Preparation and circulation of written resolutions of the directors and shareholders
  • Co-ordination of the documentation process for launch and reorganisations
  • Completion of bank mandates and account documents
  • Provision of registered office facilities in Cayman and Ireland
  • Provision of Principal Office services in the Cayman Islands where required
Fund Administration
  • Seamless electronic integration of interfaces with brokers and vendors
  • Daily transaction capture, reconciliation and independent portfolio accounting
  • Calculation of the net asset value at the required frequency (Daily, Weekly, Fortnightly, Monthly etc)
  • Arranging payment and discharge of all expenses and liabilities
  • Calculation of incentive fee and performance fee in accordance with a range of methodologies and all accounting therewith including EQ
  • Customised, bespoke reporting
  • Fund net asset valuation reporting
  • Audit support
  • Maintain the accounting, books and records of the fund
Investor Services
  • Registration and Transfer Agency services
  • Daily portfolio P & L reporting
  • All initial and on-going communication
  • Accounts Services with shareholders
  • Issuance, transfer, switch and Exposure calculations redemption of shares
  • Reporting on investment restriction compliance each dealing day on a per share and monitoring on fund wide basis 
  • Maintenance of shareholder documentation to ensure compliance with all relevant regulatory bodies
Middle Office Services
  • Maintenance of the Shareholders' Registers
  • Regulatory and Compliance Support
  • ESMA forms; Annex IV reporting transactions, position reconciliations
  • Fund performance and risk reporting current holdings and fund performance
  • Data aggregation and pricing various EQ
  • Settlement processing, affirmations, methodologies
  • Customised bespoke reporting SEC / CFTC Registration confirmations and fails management
  • US FATCA, UK FATCA, Form PF, CRS and AIFMD reporting
  • Equalisation record keeping

In addition Mainstream has a local network of legal and audit partners and would be happy to provide introductions.

Learn more about Mainstream Fund Services in Ireland on the Trinity website.



Why use Mainstream Fund Services in Ireland?

Here is what sets us apart:

  • Professionals to run your back office

All of our staff are specialist administrators and you will have a direct relationship with them. Fund administration is the only thing we do.

  • Regional platform with local service delivery

All of our fund services are delivered ‘in country’ (rather than offshore in a low cost location) through our local offices.

  • Leading-edge software

Avoid costly investment in back office systems and make better investment decisions. We invest heavily in our systems and only use the best fund technology.

  • Tailored, flexible solutions

Choose the start and end points of your process and we will deliver to your specification. We offer a full middle and back office fund service in UK & Europe.

  • Control of your administration costs

We have a very competitive pricing approach in UK & Europe, with a simple model, to reduce your operating costs.

Statistics

  • Office opened: 1994
  • Country manager: John McCann
  • Specialities: corporate services, fund accounting and NAV calculation, reconciliations, transfer agency, audit and tax co-ordination
Over $138 billion in funds are outsourced to Mainstream: