Ogier is intending to set up a fiduciary business in Luxembourg later this year, focusing on corporate and fund administration business.
These two developments are in keeping with Ogiers strategy to provide comprehensive multi-jurisdictional services, through a significant presence in each of the worlds key financial markets. The firm will focus predominantly on providing services to existing offshore investment fund clients with Luxembourg structures, either alongside or in addition to their offshore structures, as well as introducing new business into Luxembourg from existing clients from other Ogier offices notably in Asia and North America.
Ogier’s Luxembourg legal practice will be headed up by Franois Pfister who has extensive legal experience in Luxembourg with particular emphasis on investment funds, international taxation, mergers and acquisitions and corporate law. Pfister is a senior partner of independent law firm OPF Partners in Luxembourg. It is envisaged that the office will open with two partners; Daniel Richards, a group partner in Ogier’s Jersey office who has taken a lead role in the initiative, will relocate to Luxembourg to work alongside Pfister.
Commenting on the announcement, group CEO Nick Kershaw said: The new office is being driven by client demand as many of our existing clients currently use or have expressed an interest in using Luxembourg, either stand-alone or as part of an offshore structure. Having a Luxembourg legal capability will therefore complement our existing suite of services.”
(JDC)