Elian provides tailored fiduciary and administrative services in the areas of investment funds, structured finance, trusts, companies and partnerships.
These services include incorporation and registered offices services; company secretary and administration services; provision of directors to investment funds and structured finance vehicles; trustee services; regulatory compliance; accounting; and liquidation services. Elian holds a Trust License and a Mutual Fund Administrator’s License issued by the Cayman Islands Monetary Authority (CIMA).
As a Cayman based trustee we are well placed to keep the service providers up to date with regulatory developments in the jurisdiction and our team members are very involved in local organisations (for example the Cayman Islands branch of the Alternative Investment Management Association) which monitor changes in legislation and practice within Cayman and more generally in the funds industry globally. We can ensure that CIMA requirements are applied and that local fillings are made as necessary.
We have extensive experience in providing independent trustee services to unit trusts, working with investment managers worldwide, particularly in Japan, Hong Kong, Singapore. We can offer independent oversight of the unit trust’s service providers. We pride ourselves on our responsiveness across time zones, our technical expertise and market appreciation.
Drawing from a wide pool of resources covering legal and fiduciary knowledge bases, we are uniquely placed to provide effective trustee services. Our team members have the credibility which comes from many years of experience in Cayman fund structures, and a hands-on approach which enables them to assist managers by providing an extensive and insightful knowledge of Cayman Islands laws and regulations.
Elian in Japan
We have extensive experience of working of several types of structures, from stand-alone unit trusts for single and for multi-investors, to large platform structures for multiple managers. We also work on master-feeder structures incorporating both unit trusts and corporate entities.
Most of our unit trusts are intended for Japanese investors, some offered through private placement and others in retail market. Some are part of a master-feeder structure which involves Cayman exempted companies which can accept non-Japanese investors. If requested, Elian can provide director services to a corporate master entity.
We are familiar with the process of marketing and distribution in Japan. We work with Japanese counsel to ensure that all necessary disclosures are set out in the offering memorandum of the fund and we provide the documents necessary for registration in Japan. We understand the need for appropriate registration and licensing of the distributor and the requirement that twice yearly reports must be filed with the Japan FSA. Several of our funds have wide distribution in Japan which involves marketing material, posters etc. and frequent updating of promotional material.
Our Tokyo representative office, established in 2008 and staffed by professionals fully bilingual in Japanese and English, can assist with on-boarding and also with on-going correspondence between the trustee and the investment manager, providing invaluable assistance within Asian time zones.