will join RBS International in February 2024, subject to regulatory approval, said a press release published by the bank on 28 November. She replaces Ian Harcourt, who became RBS International’s country head Luxembourg in September 2018.

“I am delighted to join RBS International and to continue building on the foundations left by Ian,” said Klasen-Martin in the communiqué. “With my knowledge of the industry and of the fund ecosystem, I am looking forward to fostering continued growth and further expanding our footprint in Luxembourg.”

Klasen-Martin spent two years as managing director and CEO of Credit Suisse Fund Management and head of fund platform services developing the European hub for asset management. Before that, she worked at private equity and real estate firm Crestbridge for 11 years, where she established their fund management and corporate services operation in the grand duchy. Klasen-Martin also sits on the board of FundsDLT, a Luxembourg-based platform that aims to simplify fund distribution.

“Luxembourg is an important jurisdiction as we deepen and broaden our relationships with customers, particularly in the alternative funds market, and I am delighted Daniela is joining us to help continue our sustainable growth,” said Olly Holbourn, CEO of RBS International, in the press release.

RBS International, which is part of NatWest Group, has its headquarters in Jersey, Channel Islands. Most of its activities are in the United Kingdom. In Luxembourg, it employed 69 full-time equivalent (FTE) employees, including temporary staff, as of 31 December 2022, an increase of 10 FTEs from the year before. RBS International generated an operating profit of £524m in 2022 and its .