Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.
The scope of the services will include order execution, settlement and asset servicing for its mutual and hedge funds.
European Fund Administration adds new names from Credit Suisse including head of private equity and real estate administration for Luxembourg.
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.