Key Takeaways
- • Gen II Fund Services has appointed Niel Krastin as Director of Private Equity Funds in Guernsey, strengthening its local fund administration capabilities.
- • Krastin brings 20 years of financial services and fund administration experience, including over 12 years in South Africa's asset management sector.
- • The appointment follows Gen II's receipt of licences from the Guernsey Financial Services Commission to provide fund administration for private market structures domiciled in the jurisdiction.
- • Demand from asset managers operating in Guernsey drove the move, which builds on the firm's existing Channel Islands operations.
Summary
Gen II Fund Services has appointed Niel Krastin as Director of Private Equity Funds in Guernsey, a move the firm says will strengthen its local fund administration capabilities as it expands in the jurisdiction. The appointment comes as Gen II continues to build out its presence in Guernsey, a established hub for private market fund structures.
Krastin brings two decades of financial services and fund administration experience, spanning fund accounting, financial reporting, operations and client service. He most recently served as Client Relationship Director, Funds, and has held several senior fund administration and client service roles in Guernsey, where he and his family have lived for several years. Earlier in his career, he spent more than 12 years in South Africa's asset management sector, including over eight years leading a fund accounting division.
Matt Beresford, Gen II's country head for the UK and Channel Islands, said Krastin's technical expertise, client service experience and knowledge of the Guernsey market would support the company's growing local presence. Michael Johnson, chief commercial officer at Gen II, said the firm aims to combine experienced local teams with its technology, international reach and operational scale as private funds and investor requirements become more complex across jurisdictions.
The appointment follows Gen II's receipt of licences from the Guernsey Financial Services Commission earlier this year to provide fund administration services for private market structures domiciled in the jurisdiction. According to the company, the move was driven by increasing demand from asset managers operating in Guernsey and builds on the firm's existing Channel Islands operations.
Krastin brings two decades of financial services and fund administration experience, spanning fund accounting, financial reporting, operations and client service. He most recently served as Client Relationship Director, Funds, and has held several senior fund administration and client service roles in Guernsey, where he and his family have lived for several years. Earlier in his career, he spent more than 12 years in South Africa's asset management sector, including over eight years leading a fund accounting division.
Matt Beresford, Gen II's country head for the UK and Channel Islands, said Krastin's technical expertise, client service experience and knowledge of the Guernsey market would support the company's growing local presence. Michael Johnson, chief commercial officer at Gen II, said the firm aims to combine experienced local teams with its technology, international reach and operational scale as private funds and investor requirements become more complex across jurisdictions.
The appointment follows Gen II's receipt of licences from the Guernsey Financial Services Commission earlier this year to provide fund administration services for private market structures domiciled in the jurisdiction. According to the company, the move was driven by increasing demand from asset managers operating in Guernsey and builds on the firm's existing Channel Islands operations.
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