SS&C GlobeOp Opens Office in Luxembourg

SS&C GlobeOp has opened its 43rd office worldwide and fifth in Europe with its new location in Luxembourg.

Luxembourg has seen over 16% asset growth of funds domiciled and/or administered within the country over the past year, reaching a total of nearly $2.6 billion assets under management, according to the Association of the Luxembourg Fund Industry (ALFI).

SS&C GlobeOp’s Luxembourg office offers fund administration and middle-to-back office services, including fund accounting and reporting, share registry and transfer agency services, and investor communications. The new office also supports managed account platforms, UCITS funds and SIFs with independent portfolio and over-the-counter (OTC) derivative valuations, risk analytics and web-based reporting.

“Luxembourg is an important market for our existing and future hedge fund, private equity and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In addition to offering the quality and scope of sophisticated services and technology to funds, we will leverage our Luxembourg team, led by Nick Curwen, drawing expertise from our network globally and locally.”