The annual Alt Credit Fund Intelligence European Awards took place virtually on Friday afternoon and recognise the service providers, credit hedge funds, CLO and private debt funds which are outperforming their competitors and leading the way in Europe.
The Deloitte Channel Islands Debt Funds Services team, backed by the Deloitte NSE network, has an industry-leading depth of experience and expertise across all debt asset types.
The same team won the award in 2019 and once again a diverse panel of leading industry experts comprising hedge fund COOs, CFOs, CCOs, GCs, placement agents, analysts and CTOs chose Deloitte as a clear leader in this competitive sector.
The judges were impressed by testimonials from Deloitte’s debt fund clients, who cited the team’s collaborative approach and practical recommendations to improve their expected credit loss analysis.
Deloitte has also developed a Credit Centre of Excellence which provides a consistent framework for auditing loan losses across its clients and embeds IFRS 9 specialists in bank and debt fund audit teams to challenge and support them to ensure the right questions are asked early in the audit process.
This year, the team has also refined its use of delivery centres to create specialisms for lower-risk areas of debt fund audits, which enables the core team to focus on the riskier areas and key judgements.
The competition was strong, with finalists including PwC, KPMG, Grant Thornton and EY.
Speaking of the award win, Deloitte’s Debt Fund Services team leader for the Channel Islands Marc Cleeve said: “To be recognised with such a prestigious accolade for a second year is a very tangible endorsement of our team’s very unique skills and experience in delivering Debt Fund audits.
“The breadth of our client experience and technical expertise across the major debt asset types is unique in the financial services market and is grounded in marquee debt sector clients including LSE and TISE-listed debt funds.
“It is fantastic to be celebrated for providing great service to our clients and remaining at the forefront of the sector.”