Trium Ireland, a ‘super ManCo’ provider owned by London-based Trium Capital, has hired a former BlackRock trader for risk expertise.
Shauna Brady (pictured) joins the firm as vice president of risk about a year after Trium expanded into Dublin.
Trium is one of a number of governance providers expanding in the growing outsourced management company – or third-party ‘ManCo’ – market that exists in Ireland and Luxembourg, including outsourced ‘AIFM’ for alternative funds.
Brady, who will work on both Ucits and alternative investment funds, has also held portfolio management and monetary policy positions at the European Central Bank, and prior to that worked in asset management and investment strategy at BNP Paribas.
Brady reports to head of risk at Trium Ireland, Jamie Murphy, and said: “I am excited to join a growing business that is responding to a rapidly changing landscape and supporting clients to evolve their offerings.”
Third-party ManCos - essentially the compliance, or middle office, functions of an asset manager - are growing in popularity as self-managed investment companies, known as Smics, wane, said Trium.
Andrew Collins, head of Trium Ireland, said: “While the Smic has historically been the more popular option for structuring in the Irish asset management industry, growing trends and a fast-changing regulatory environment are motivating the boards of directors and promoters of fund structures to reassess their corporate governance models.
“Further tailwinds for demand have been the Brexit transition and the rise in use of alternatives through Ucits and AIF structures.”
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