Kane Solutions, specialists in the development and management of administration solutions in the international Life, Pension & Investment sectors, has today announced that it has been granted a Category 4 License by the Dubai Financial Services Authority (DFSA).

The Category 4 Fund Administration License will enable Kane Solutions to provide a full range of fund administration services from the Dubai International Financial Center (DIFC) through Kane LPI Solutions Limited (DIFC Branch) to companies in the DIFC and the wider Gulf Cooperation Council (GCC) region. This is in addition to the investment product services that it currently provides.

Kane Solutions has been providing global fund administration services for over 7 years to the hedge fund and investment fund industry through its international network of offices.

Commenting on the announcement, John Uprichard, CEO, Kane Solutions, said: “The fund management sector is a rapidly expanding component of the financial services industry in the DIFC and there is significant demand for local, specialist fund administration services. Fund administration is a core part of our client offering and we are keen to bring the range of solutions and depth of experience we offer to meet this growing demand both in the DIFC and wider GCC region.”