One Group Solutions, a Luxembourg-based provider of fund governance services, has announced its expansion into the UK market with the establishment of an office in London’s City. This move extends the company’s presence in Europe, where it already operates in Luxembourg and Dublin, and reflects its intent to serve UK asset managers more directly, said the firm in a press release on Monday 2 September.

The expansion comes as asset managers in the UK face increasing regulatory requirements, client demands and scrutiny from authorities, which are driving a need for greater cost efficiency and streamlined operations. One Group Solutions aims to offer services that support these needs, focusing on operational efficiency in areas such as risk management, investor relations and product governance, the company stated.

Steve Bernat, co-founder and group executive lead, noted in the announcement that the new London office would enable the company to address the specific challenges of UK asset managers, providing services designed to improve efficiency and cost management. The London office will be staffed by professionals with experience in the UK and European fund markets, offering local expertise to support cross-border operations.

Revel Wood, co-founder and strategic relationship lead, indicated that the UK expansion is part of the company’s broader strategy to assist asset managers in navigating the complexities of fund distribution and regulatory compliance across various markets.

Established in 2019, the firm provides fund management services, including third-party management company, alternative investment fund manager, corporate governance and regulatory and compliance consulting. It operates with a team of nearly 100 professionals in Luxembourg, Dublin, Zurich, New York, Bermuda and Mumbai, and serves a range of asset managers globally.