Waystone, a third-party management company (ManCo) provider, says it is extending its services from the fund level to the corporate level following a four-way merger between compliance providers.
Santander Asset Management has launched a fund investing in international trade finance assets and which is backed with €25 million from its parent bank.
Third-party management company (ManCo) FundRock is launching a fund distribution service for non-EU managers in a further example of the expansion of the ManCo market.
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.