The grand duchy subsidiary of the US-based firm received the green light from the CSSF, Luxembourg’s financial sector regulator, to add this to their fund administration and corporate services offerings. This will allow “the firm to seamlessly service clients across all Luxembourg regulatory and administration requirements,” a press release reads.
Launching this service in Luxembourg “has been a focus of ours for some time,” said Standish CEO Bob Raynard. Regional director Mark Coppin added that the firm is “delighted to offer our clients this valued service line, providing a high-quality solution and giving the market increased choice of service providers.”
From San Francisco, Standish on a global scale has $450bn assets under management and serves over 300 clients and 2,500 funds, according to its website. It acts as a provider of fund administration services to alternative capital funds. Previously known as Halsey Group in Luxembourg, the firm has been active in the grand duchy for over 20 years.