The move will enable FundRock to expand its fund services to Nordic asset managers, taking on SEB Fund Services’ 20 employees.
Over the past two years Citi has identified Luxembourg has a key growth market for its investor services business.
Riccardo Millich joins HSBC to lead its local sales strategy and supporting business growth with all countries and asset classes in scope of UCITS and AIFMD.
Clearstream recently launched its OneClearstream initiative, connecting the German and international CSD with LuxCSD.
Andrea Tranquillini was formerly managing director of business development at LSEG with responsibility for globeSettle but will now become CEO at VP LUX.
Luxembourg and Ireland set to benefit from firms outsourcing in event of hard Brexit.
The extended deadlines will allow increased processing time for clients.
Citi adds another big name to its Luxembourg business through newly created role.
Brexit is forcing UK fund managers to look to restructure their funds out of Ireland and Luxembourg.