British asset management consultancy firm MJ Hudson has announced the launch of its new presence in Luxembourg, aimed at the continental European market following the British exit from the EU.
The group confirmed that the Luxembourg venture, MJ Hudson Management SA has received its management license from CSSF, the local regulator and provides full Aifm compliance as well as risk- and portfolio management as well as operation and financial services and EU distribution passports to its asset manager clients.
The Luxembourg operation launches with a team of six led by Olivia Tournier-Demal, who previously worked as head of Legal and Distribution at Lombard Odier SVP) and Thomas Meyer, who prior to that worked among others at the European Investment Fund (EIF), where he was in charge of risk management.
In addition, there is a three person board consisting of Francis Carpenter (previously CEO of the EIF) and Secretary General of the European Investment Bank (EIB), Matthew Hudson (CEO of MJ Hudson), and Aldric Grosjean (ex Loyens & Loeff and partner at law firm Lexfield in Luxembourg).
Matthew Hudson, MJ Hudson CEO, comments: “A launch in Luxembourg was already on our radar before the Brexit events of 2016. It is a significant funds market in its own right with extremely strong and stable laws, structures, regulations and complementary service providers. However, our plans were accelerated by the UK’s vote to leave the EU last year. We have been actively building this platform for more than twelve months and I am delighted at the high calibre of the team we have been able to attract.”
MJ Hudson currently operates 12 funds in the UK managing a collective AUM of £1bn (€1.13bn).