Fund administration technology firm TrustQuay has launched in Luxembourg after opening of an office in the fintech incubator Luxembourg House of Financial Technology (LHoFT).
A lack of automation and poor record-keeping means that Luxembourg’s private markets sector is struggling to meet its growing anti-money laundering (AML) compliance requirements.
Dublin-based management company (ManCo) service provider KB Associates (KBA) has expanded its remit to Luxembourg following the acquisition of EFG Fund Management.
Specialist fund administrators have been taking staff from larger rivals as they professionalise their services for private capital funds. Nick Fitzpatrick reports.
Luxembourg-based European Fund Administration (EFA) has selected Refinitiv as the primary data source for its securities operations.
The free movement of people, goods and services between the UK and EU ended on January 1, 2021. In Funds Europe, the New City Initiative re-iterated its call for a UK cross-border fund structure to rival those of Luxembourg and Ireland.
