VALUE PROPOSITIONS OF THE MAURITIUS IFC AS AFRICA’S LEADING PRIVATE WEALTH MANAGEMENT HUB
The large and growing pools of wealth in Africa are creating an increasingly urgent need for specialist fund management services.
Both institutions and high-net-worth individuals are looking for regionally based experts to address their complex investment requirements.
The Mauritius IFC’s legislative and regulatory regime provides a highly supportive and secure environment for local, regional and global players to domicile, manage and distribute funds.
Growing wealth, a maturing insurance industry and institutional investor demand are creating new opportunities in asset management across the African region.
Sitting at the heart of Africa’s financial services industry, the Mauritius IFC provides the ideal platform for firms to develop, distribute, manage and domicile all types of public, private and qualified funds.
The Mauritius IFC’s world-class legal and regulatory structures balance efficient setup with oversight that gives investors’ confidence in asset management products. It also offers direct access to institutional and high-net-worth individuals looking to access both conventional and alternative investment products.
Personal and family wealth continues to grow rapidly across Africa driving increasing demand for wealth management services.
Individuals and families require all types of wealth solutions. Interest is particularly strong in investment and portfolio management, estate and inheritance planning, and real estate and financial advisory.
The Mauritius IFC stands apart with its platform to serve these regional customers. It combines a large ecosystem of specialist professional services providers, a location at the centre of the region’s financial services industry, and a legal and regulatory environment designed to address the needs of individuals, families and institutions.
Family firms and conglomerates, meanwhile, are reaching a size and complexity that benefit from the capital and management expertise offered by private equity.
At the same time, many industries and sectors are fragmented, ideal for the consolidation that is well served by private equity. Governments are turning to public-private partnerships, representing yet another private equity opportunity.
An expanding appetite from institutions and high-net-worth individuals looking to diversify their portfolios with Africa-focused private equity is creating an investor base for regionally themed funds.
With its location at the heart of deal making in the region, the Mauritius IFC offers the ideal platform for firms looking to meet this need, as they launch or expand operations in the region.
Additionally, the Mauritius IFC’s fund structures and licensing options are ideally suited to private equity, creating a unique regional platform to launch, distribute, manage and domicile all types of private equity funds.
Emerging market equity exchanges, in South Asia (MEASA) region, are attractive for Africa. Long-term structural change means they are representing an ever-larger share of global equity capitalisation. This shifting reality is creating new opportunities for brokerage firms with operations in the region.
The Mauritius IFC offers brokerage operations the region's most advanced telecommunications, IT and regulatory infrastructure, allowing them to optimally access and serve markets and exchanges across Africa and South Asia. The Mauritius IFC-based brokerage operations have direct access to the large market of family offices, private banks, investment advisors and investment banks from the African regions.
By establishing operations in the Mauritius IFC, regional and international brokerage firms can centralise and consolidate the resources used to service the region, thereby gaining a competitive cost of operation.
Capital markets solutions
Positive change is underway in capital markets across Africa. Efficient capital allocation is increasingly the priority. No longer are corporates only looking to self-funding or bank loans to finance growth. Nor are governments reflexively shouldering the whole burden of capital spending.
Companies are increasingly tapping equity and debt markets, while governments are looking to asset privatisations, public-private partnerships and debt financing to fund infrastructure and social development projects. The result is a vibrant landscape that demands the full range of capital market products and services.
The Mauritius IFC offers the ideal platform to deliver capital market solutions to clients across the African region from a tried and tested, globally recognised common-law jurisdiction that serves a vast region stretching from Asia to Africa. Firms benefit from the Mauritius IFC’s unrivalled status as the region’s financial hub and epicentre of deal making initiatives.
The region continues to represent some of the fastest growing areas of wealth accumulation in the world. As a result, high-net-worth and ultra-high-net-worth individuals and families require sophisticated wealth management solutions that are ideally served by private banks. Not only is the Mauritius IFC at the heart of regional banking and financial deal making, but it also offers the most established legal and regulatory environment of its kind and a structure specifically suited to the unique needs of private banking operations. The fast-growing financial ecosystem in the Mauritius IFC also provides an unrivalled mix of professional services providers and experts. They provide capital market, wealth management, investment banking, and alternative investment services.
SPVs for cross-border wealth management structures
The Mauritius IFC is the leading IFC between Asia and Africa. It provides the most flexible and robust licensing and regulatory environment in Africa. It also offers an ecosystem with direct access to expertise and facilities that are essential for management offices, holding companies, proprietary investment companies, intermediate special purpose vehicles, special purpose companies and family offices inter alia.