Kane Solutions announced this past week that it has been granted a CIS/Fund Administration License from the Mauritius Financial Services Commission, and has appointed Harish Bhoyroo as Managing Director of Kane Solutions (Mauritius).

Bhoyroo will be responsible for the day-to-day management of the Mauritius administration team and for driving the company's regional sales and growth strategy for product and fund administration. The team will provide services extending from pre-launch fund guidance through to full operational and regulatory requirements, including NAV calculation, portfolio accounting, registrar and shareholder/investor, and tax information services, as well as providing shared services to the wider Kane Solutions Group.

Bhoyroo has nearly 25 years of experience in financial services in Mauritius, South Africa, India, Tanzania, the UK and the Isle of Man. Prior to joining Kane, he was CEO of British American Exchange Co. Before that he was Vice President within the international banking division at Barclays Bank (Mauritius) and also held senior management roles with Standard Bank Trust Company (Mauritius) and OCRA (Mauritius).

Commenting on the announcement, John Uprichard, CEO of Kane Solutions, said: "We are delighted that Harish is joining to lead Kane Solutions (Mauritius). In addition to his global experience in the fields of fund administration, international banking, and corporate compliance, he also brings a deep knowledge of the local market in Mauritius and strong experience of working with clients in key regional markets in Africa and Asia."

Uprichard added: "Setting up a fund administration operation in Mauritius has always been a part of the broader growth strategy of Kane Solutions. This new operation means that our global network now covers all time zones and provides an excellent hub from which to service clients in Africa, India, and the wider Asia-Pacific region."

"Kane Solutions has a high calibre leadership team with significant experience and expertise in both product and fund administration," said Bhoyroo, "and I was attracted by Kane's global presence and its long-term vision for Mauritius. Our focus will be on delivering excellent customer service and exploring opportunities in the region to develop long-term strategic partnerships with local, regional and international fund managers in Mauritius."

The Mauritius office forms part of Kane Solutions' global network, which includes fund administration and trust business operations in Bermuda, fund administration services in Dubai and insurance management and fund administration services in Malta.