Administration services provider Intertrust Group has bolstered its Luxembourg team with the appointment of a new country head.
David Sarfas has been promoted to the role after initially joining Intertrust Group in December 2020 as global head of private capital.
He brings more than 30 years’ experience to Intertrust, having served in a variety of roles at the Big Four accounting firms, banks and fund administrators.
Before joining Intertrust, Sarfas held roles at companies including Citco and MUFG Investor Services.
As part of his new role, Sarfas will be based in Luxembourg, reporting directly to Chitra Baskar, chief operating officer, head of products and funds at Intertrust Group.
Sarfas’ appointment comes as part of the firm’s strategy to expand its team and reinforce its commitment to Luxembourg and its regional clients.
“David will help drive business growth through effectively reviewing and prioritising business flow into Luxembourg, helping us to deliver against our priorities in the region,” said Baskar.
“He brings a wealth of experience and will play a key role in accelerating the growth of the Luxembourg office.”
Last year, Intertrust Group agreed to be acquired by financial services firm CSC for $2 billion.
The acquisition followed a withdrawal from CVC Capital Partners which originally offered a takeover bid of $1.9 billion, with Apex Group also rumoured to have considered a bid.