Intertrust taps HSBC for new head of Luxembourg business

The hire is the latest senior appointment by Intertrust for its Luxembourg fund administration business.

By Joe Parsons

Intertrust has recruited the former head of HSBC securities services in Luxembourg, as the fund administrator continues to bolster its business in the country with industry veterans.

Nick Maton joins Interturst as Luxembourg country head and managing director.

During his 30-year career in financial services, Maton most recently spent nearly five years at HSBC in Luxembourg as head of the securities services business, where he helped spearhead its growth from $65 billion to $225 billion of assets under administration.

Maton also spent over nine years at JP Morgan in Luxembourg as an executive director of product solutions.

“At a time when the industry is facing numerous challenges in the form of new regulations, technology and client requirements, I am delighted to be joining a market leader such as Intertrust in delivering first class support to its growing client base,” said Maton.

The hire of Maton is the latest senior appointment by Intertrust for its Luxembourg business.

In July, the administrator hired JP Morgan’s former global head of funds custody, Allison Whaley, to take on the role of head of fund client service in Luxembourg. It also appointed Derek Ramage, the former head of change management and IT governance at International Financial Data Services, as head of fund operations in Luxembourg.

“We are delighted to welcome Nick to the team.  He is a highly experienced and respected specialist and will play an invaluable role in expanding our presence Luxembourg.  There is considerable potential for Nick and the team to apply our tech-enabled product suite to help address the fast-changing needs of the most complex private capital funds and managers,” added Lee Godfrey, managing director, Western Europe, Intertrust.