CIM Global Business, the largest fund administration firm in Mauritius, is setting up its first permanent presence on Africa’s mainland, opening an office in Johannesburg. The move allows the firm to get closer to it African clients as well as capitalize on the growing investment flows into the continent.
The firm will be pitching its services to fund managers in the private equity, hedge and mutual fund asset classes as well as the multinational companies and fund managers, DFIs, institutional investors and family offices looking to pursue and expand their investment activities in Africa.
In an interview with CNBC Africa, Graham Sheward, CIM’s Managing Director stated that initially the office would be a representative office “…promoting Mauritian structures to local firms across South Africa, but we are already getting demand for local services as well…” which would lead to the firm developing a fully-fledged offering in the next six to twelve months.
The new South African office will be led by Willem van der Berg, who joined CIM Global Business in June from the Geneva Management Group.