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SS&C GlobeOp opens Luxembourg office
16 August 2013
Firm cites strong asset growth in domicile
Financial services software firm SS&C GlobeOp has opened a new Luxembourg office as part of European expansion plans, on the back of rapid asset growth in the region.
The firm said assets domiciled in Luxembourg had risen sharply in the past year, with a 16% rise to over $2.5trn, according to research by the Association of the Luxembourg Fund Industry (ALFI).
Bill Stone, chairman and chief executive officer of SS&C Technologies, said: “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.
“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.”
The Luxembourg office will offer fund administration and middle-to-back office services to fund managers, including accounting and reporting, share registry and transfer agency services, and investor communications.
It added that it was also able to support managed account platforms, UCITS funds and SIFs, with independent portfolio and over-the-counter (OTC) derivative valuations, integrated risk analytics and aggregated web-based reporting.