Intercontinental Trust Limited (ITL) has been named “Best Fund administrator – real estate & infrastructure funds" at the AGF Service Providers Awards 2020.

The Awards, organised by Africa Global Funds, recognises outstanding efforts and accomplishments of fund service providers covering Africa. The winners were selected by a distinguished panel of judges who assessed attributes such as ‘evidence of a satisfactory client outcome’, ‘levels of ongoing services and support to the client’ and ‘levels of best practice’, among others.

Established in 1999, ITL is licensed by the Mauritius Financial Services Commission to provide a range of financial and fiduciary services to a diversified client base including real estate multinationals, private equity firms, investment managers, financial institutions and high-net-worth individuals.

“Winning an award from the Africa Global Funds for the third year in a row is yet another milestone for us and consolidates our position as one of the leading service providers in Africa. This award would not have been possible without the hard work and sheer commitment of our employees who are prepared to go the extra mile for our clients. I would also like to thank our valued clients for the trust that they have placed in us throughout the years" said Ben Lim, Chief Executive Officer of ITL.

2020 has been a challenging year so far as the Covid-19 pandemic continues to take its toll on all spheres of the global economy while the path to recovery seems to be in a distant and hazy future. Policy makers across the world are devising stimulus packages to keep companies afloat and salvage livelihoods and at the same time, companies and consumers have resorted to austerity measures, deferring spending and investment in a bid to save for what could be even tougher times ahead.

“Amidst the pandemic crisis, fund managers have to tread carefully in an uncertain economic environment and we remain more committed than ever to working alongside them" added Ben Lim.

The Covid-19 crisis has emphasized the cracks in the way that business has traditionally been done for many years. Over time, the investor community and consumers have come to the realization that ruthless maximisation of returns cannot take precedence over Environment, Social and Governance (ESG) considerations. Sharing this same vision, ITL became a Participant of the United Nations Global Compact (UNGC) at the beginning of the year. Moving forward, ITL will be working towards building a more sustainable business, a more sustainable community and a more sustainable environment, by taking a triple bottom line approach to business growth: “People, Planet and Profits". Our vision for a better and brighter tomorrow is aligned to that of many fund managers whose objectives are primarily to focus and dedicate their resources to investment with meaningful outcomes for the environment, society and humanity as a whole.

“Over the past years, we have been witnessing a mounting interest for ESG integration in the private equity investment landscape – the trend is accentuated now with the pandemic. In addition to mitigating ESG risks, GPs and fund managers are increasingly aiming at creating positive social and environmental returns. As a participant of the UNGC, ITL is determined to assist fund managers in achieving their goals and in creating value for the betterment of the society, the environment and the global economy" commented Darryl Sim, Senior Manager – Fund Services at ITL.

For more information on ITL, write to us on info@intercontinentaltrust.com

Ben Lim & Darryl Sim