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The SILC Group Selects PAXUS

11 January 2024

Pacific Fund Systems (“PFS”) is delighted to announce, The SILC Group, a specialist Australian based professional trustee and fund administration business focusing on alternative investment assets, has selected the PAXUS fund administration system for its third-party fund administration business operations.

PFS, a leading supplier of global fund administration software via its award-winning product, PAXUS, provides a combination of services to clients including implementation services and ongoing support.

As PAXUS fully supports the entire back-office fund administration of all types of open and closed ended alternative funds, including fund accounting and transfer agency in a single, automated, and fully integrated system, The SILC Group team will have the advantage of utilising all the benefits of a market-leading solution.

The SILC Group has opted for a full SaaS PAXUS-CLOUD deployment model, which allows the team to benefit from a fully secure vendor hosted solution, with staff able to access PAXUS from anywhere in the world, secure in the knowledge all data is managed 24/7 in a highly secure environment, and that all upgrades, DRP and ongoing maintenance will be taken care of by PFS’ experts.

Commenting on the successful adoption of PAXUS by The SILC Group, Paul Kneen, CEO of PFS added, “We are excited to welcome The SILC Group as a new client. We firmly believe there is currently no better multi-functional market-wide product that can compete head on with PFS’ offering as a total fund administration solution, and we look forward to helping The SILC Group, an alternative assets solutions specialist, to service the unique needs of investment managers, asset sponsors and wholesale investors using our PAXUS system.”

Michelle Tay, Group Executive Director of The SILC Group, commented “Given our continued growth for more than a decade through our strategic and disciplined approach, our focus is to provide a holistic solution to our clients and to support their growth via an impeccable execution, operation and administration service. Our adoption of PAXUS will deliver an effective solution that will enable the team to continue to provide a first-class fund administration service covering all our core services. As we position ourselves for the next phase of our growth through the expansion of our services including via our digital platform and novel distribution strategy into other regions, we are confident that the investment we have made with the implementation and integration of the PAXUS system will further enhance the value we bring to all our stakeholders.”

Pacific Fund Systems services a continually expanding international client base with more than US$1.5 trillion of assets managed globally on PAXUS.

For more information on The SILC Group, please consult: www.silcgroup.com

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If you would like to enquire about one of our services then please contact the team on info@paxusgroup.com

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