AWARD-winning fund administration business Langham Hall is planning for a big future in Guernsey.

The company already has a managed presence in the island through International Administration Guernsey, which looks after its subsidiary Langham Hall Guernsey, but is looking to establish its own office in the near future, possibly in 2010.

‘The agreement we have with IAG is to grow funds under administration using our significant onshore marketing presence,’ said Langham Hall co-founder Robert Short (pictured).

‘The plans are currently that we will base ourselves in IAG’s offices but at some point in the future would spin out in a similar way that certain private equity groups have done such as Apax, Terra Firma and EQT.

‘We are seeing a steady stream of enquiries but are gearing ourselves for 2010 when institutional cash will be more readily available to seed new funds.’

In April, the company was named as winner of the specialist professional services firm of the year category at the BVCA Private Equity Awards 2009, an achievement that Jersey-born Mr Short was delighted with.