Fund administrator Abacus has established Abacus Fund Administration Limited at its new European office in Malta, after gaining full fund administration recognition certificate status from the Malta Financial Services Authority.

Abucus Funds Group managing director Paul Kneen said the Malta office was an integral part of Abacus’ growth strategy.

The group has offices in the Isle of Man and Malta, allowing it to provide fund administration solutions across onshore and offshore markets.

“Malta is widely tipped to be the new hotspot for EU fund domicile, supported by its reputation as a viable alternative to the more established EU fund jurisdictions,” Mr Kneen said.

Abacus has appointed Mark de Marco regional general manager at Abacus Fund Administration Limited. He is a fellow of the Malta Institute of Accountants and has over 30 years’ experience in financial management.

Abacus is currently one of the Isle of Man’s leading fund administration and corporate services pro-viders and its group companies offer financial and fiduciary services to clients around the world.

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