TrustQuay, which provides technology to the corporate services, trust and alternative fund administration markets, has opened an office in the Luxembourg House of Financial Technology (LHoFT), a public-private initiative dedicated to the nation's fintech sector.
TrustQuay offers corporate services, trust and fund administrators (CSPs) a front, middle and back-office digital platform, including client administration, accounting, entity management, regulatory compliance, practice management and digital portal capabilities.
In addition to Luxembourg, the business has eight offices worldwide, including in Jersey, Guernsey, the UK, Singapore and Australia, and serves customers in more than 30 jurisdictions.
TrustQuay has invested recently in Luxembourg-specific CSP functionality, and in February signed a technology agreement with Centralis, a corporate services provider headquartered in Luxembourg.
Based in the new office will be Keith Hale (pictured), Executive Chairman of TrustQuay. He has lived in the country for several years, having previously served as CEO of Multifonds, but going forward will split his time between TrustQuay's Jersey and Luxembourg offices.
He is joined in Luxembourg by Director of Business Development Birgit De Prins, who previously worked with FundRock, Bank of America Merrill Lynch and BNY Mellon.
Keith Hale commented: “Luxembourg is a growing corporate services and alternative fund administration market. Following our investment in the local team, our new office at LHoFT will help us better serve customers who have operations and end-clients in Luxembourg.”