TMF Group, a provider of compliance and business administration services around the world, said today (8 May) that its fund operations arm in Ireland has received authorisation from the Central Bank of Ireland to offer its suite of fund administration and transfer agency services to alternative funds.

The licence for TMF Group Fund Operations (Ireland) comes after the acquisition of Goodbody Fund Management, the AIFM and ManCo division of Goodbody Stockbrokers UC in October 2023.

The statement said Ireland was a critical part of TMF Group’s international expansion strategy and this authorisation further reinforced the company’s commitment to this key jurisdiction with a renewed focus on alternative funds.

Daniel Max, head of global solutions, TMF Group, said: “This is another important step in the development of TMF Group’s global fund services offering. Securing this additional licence will enable us to accommodate an even broader spectrum of investment strategies for our clients. Furthermore, it empowers TMF Group to deliver comprehensive end-to-end services within this significant regulated jurisdiction.”

TMF Group’s James Coughlan, market head of British Isles and Ireland and Kevin Doyle, head of funds for UK and Ireland, added: “Ireland is a premier domicile for funds and a pivotal jurisdiction for our expanding funds business. Regulatory approval from the Central Bank of Ireland to provide fund administration services is a significant milestone and speaks to our strategy of aligning our range of fund solutions to the needs of our global client base.”