Neovision Wealth Management, a fund management and investment advisory firm incorporated in the Abu Dhabi Global Market, today (7 November) launched a "pioneering ‘Funds as a Service' offering for asset managers looking to meet the investment needs of the Gulf's fast-growing community of family offices, institutions, as well as professional and retail investors".
In a statement, Neovision said that while outsourced fund management services are common in Europe, they are still rare in the UAE market. By using Neovision's new plug-and-play Fund Management Company (ManCo) solution, investment managers operating here can now delegate fund management to Neovision while maintaining full executive oversight of their funds, it said.
Ryan Lemand, co-founder and CEO said: "As trailblazers in the application of the new and unique fund structures available in the ADGM, Neovision has developed a visionary approach of making launching a fund as painless as possible whilst ensuring full compliance with demanding regulatory standards.
"Not only can we help clients design an optimal structure for their fund, we can now also help them streamline their ongoing operations to reduce costs and enhance their relationships with investors."
Lemand and his team have a deep understanding of the regulatory environment in the three financial jurisdictions in the UAE, extensive experience in creating robust investment vehicles, strong relationships with service providers, and a profound appreciation of the needs of domestic and global investors, Neovision further said.
The Neovision ‘Funds as a Service' solution brings together this knowledge and experience into a single offering that combines the ease and quick turnaround of standardisation with the flexibility required to customise funds to meet individual requirements.
The Funds as a Service offering complements Neovision's best-in-class Wealth Management service, providing its clients a diverse range of investment strategies to allocate, in full compliance with the UAE's regulatory framework.
As well as leading the Neovision team, Lemand serves on a number of investment boards in the UAE, France, Singapore and Hong Kong.
He has also spent time as a senior adviser to the UAE Federal Government and leading the Funds Authorisation team at the UAE's federal regulator.
