IQ-EQ, the support services group that counts First National Trustee Company, Lawson Conner, Equitis and The Private Office among its brands, and with some $400bn (€358.5bn) of assets under administration, has appointed Fèmy Mouftaou as chief commercial director to push its business development in Luxembourg.
The group cites Brexit uncertainty as driving an ongoing move of asset managers to the Grand Duchy, which has spurred client demand for services.
Mouftaou has some two decades' experience in the industry, including roles in international fund administration. He has also worked in Dubai, Bahrain, and West, Central and Southern Africa. He noted that the appointment is opportune given the shift being experienced in Luxembourg clients "towards front office activities".
Christian Heinen, managing director of IQ-EQ Luxembourg, said Mouftaou's appointment brough "a wealth of experience in the funds industry and business development sphere will ensure client service is brought to the forefront in this jurisdiction and drive growth. As IQ-EQ's Luxembourg business continues to expand with a host of new hires across all levels, we're excited to be growing alongside the industry itself."