Specialist professional services group Mourant's takeover of AIB Fund Administrators has been approved by the Jersey Competition Regulatory Authority.

AIBFA is the only fund administrator in Jersey which focuses exclusively on hedge fund administration. It provides accounting and administration services to hedge fund managers based in the UK, Bermuda and Jersey and their funds, domiciled in Jersey and Bermuda. It is a wholly owned subsidiary of AIB Worthytrust, which is part of AIB Bank (Channel Islands).

Mourant services international corporations and high net worth individuals. The company employs 800 people in four business lines, serving an international client base. It operates from offices in Jersey, Guernsey, London, Luxembourg, Cayman, New York, Seattle and Dubai.