Suntera Global acquires Reference Financial Services SA (Luxembourg)
Suntera Global has continued its growth strategy with the acquisition of Reference Financial Services SA (Luxembourg), a boutique fund administration and corporate services firm.
The acquisition, which is subject to appropriate regulatory approvals, adds to Suntera Global’s client base while strengthening its presence in EU markets. The move supports its growth strategy and complements its office network in Jersey, Cayman, Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.
Founded in 2003, Reference Financial Services SA (Luxembourg) (Reference) is a provider of boutique fund administration and corporate services to Luxembourg based entities. With headquarters in Luxembourg, the firm has a strong team with long standing industry experience providing services to client entities.
Reference is regulated by the Commission de Surveillance du Secteur Financier (CSSF). It is authorised as a Professional of the Financial Sector (PSF) in Luxembourg and, in addition, Reference is an accredited maritime manager supervised by the local maritime authority, the ‘Commissariat aux Affairs Maritimes.’
Reference’s principal activity is the provision of boutique fund administration and corporate services providing a full suite of services including central administration, corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation. They also assist in the incorporation of Luxembourg funds and companies and in their liquidation. Reference has a global client base active in private equity, real estate, intellectual property, energy trading, e-commerce, wealth management, advisory services and maritime and ship financing.
Olivier Jarny & Cedric Raths, co-owners and managing partners at Reference, says: 'Our decision to join Suntera Global is an exciting move designed to provide our clients with access to a depth of additional expertise in many other key markets where we are not currently represented, while maintaining the same high quality level of personal service but with a shared focus on responsibility and ambition.'
Commenting on the acquisition, Paul Mundy, Managing Director of the Funds Division at Suntera Global, says: “Reference is an ideal fit for Suntera Global since they closely match our own service ethos and provide a tailored, personal, bespoke offering delivered by a senior management team with years’ of experience managing clients' needs in Luxembourg. The acquisition further fuels our strategic expansion plans, provides us with an additional key footprint within EU markets and enhances our client service proposition.’