SS&C GlobeOp has expanded its European presence with a new Luxembourg office.
SS&C GlobeOp supports diverse fund structures across multiple domiciles and jurisdictions and has expertise in traditional and alternative investment vehicles.
Asset growth of funds domiciled and/or administered in Luxembourg grew more than 16 per cent in the past 12 months to USD2,584,099bn 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. Managed account platforms, UCITS funds and SIFs are supported with independent portfolio and over-the-counter (OTC) derivative valuations, integrated risk analytics and aggregated 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,” says Bill Stone (pictured), 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.”