Link Fund Solutions’ Luxembourg business has obtained a licence to act as a Ucits management company and authorised alternative investment fund manager by Luxembourg regulator the Commission de Surveillance du Sector Financier (CSSF).
It marks another step in the Australia-originated Link Group’s business development in the region. It has already been operating in the UK and Ireland, as well as the Far East and Australia. As an independent authorised fund manager and third party ManCo it claimed some €75bn of assets under management at the end of June 2018.
The Luxembourg business will target those seeking to launch funds, and who require risk management, oversight and governance services.
Chris Addenbrooke, CEO of Link Group’s Fund Solutions division in Europe, said: “This strategic move is the result of a long-term vision initiated in the UK and Ireland which led us to becoming one of the largest third-party independent authorised fund manager/ManCo in Europe. Luxembourg is a key jurisdiction for our clients’ cross-border funds and enhancing our proposition in the region is a natural step for us. Being independent and 100% focused on third-party clients is a key strength. We are confident our value proposition will enable us to achieve our ambitious growth plans for the region.”
Jean-Luc Neyens, managing drector of Link Fund Solutions (Luxembourg) SA, said: “With increased regulatory and substance requirements, fund initiators and portfolio managers want to re-focus on performance, distribution and client servicing. Leveraging on a third-party Ucits ManCo /AIFM gives them this opportunity. And as part of an international group with extensive experience and proven track-record in various jurisdictions, Link is a hugely attractive partner. We look forward supporting the growth of investment firms on a global basis, providing them with strong risk management, governance and oversight to enable them to deliver the best possible service to their clients.”