TrustQuay expands into the Luxembourg market with a new office

By Megha Bhattacharya

Technology provider TrustQuay today announced its further investment into the Luxembourg market with a new office in the Luxembourg House of Financial Technology (LHoFT). In addition to Luxembourg, TrustQuay has 8 other offices worldwide in key markets which include Jersey, Guernsey, United Kingdom, Singapore and Australia, serving more than 460 customers and 17,500 users in over 30 jurisdictions.

Keith Hale, Executive Chairman of TrustQuay, said, “Luxembourg is a key and growing corporate services and alternative fund administration market. Following our investment in the local requirements and team, we are excited to establish a new office at LHoFT to better serve our customers who have operations and their end-clients in Luxembourg, as well as help expand our local customer base.”

TrustQuay is also investing in its local team with Keith Hale, Executive Chairman of TrustQuay, who was formerly CEO of Multifonds in Luxembourg, being joined by Birgit De Prins who was previously with FundRock, Bank of America Merrill Lynch and BNY Mellon.

“The corporate services, trust and fund administration sector is undergoing unprecedented change, driven by accelerating consolidation and a rapid drive to digitalisation. By offering a complete front to middle to back-office technology platform with the widest global jurisdictional coverage, we can help our customers in Luxembourg and elsewhere digitalise their services and thereby increase automation and efficiency, improve organic growth by leveraging the latest technology tools, and expedite M&A integration where needed.”

Recently, TrustQuay signed an agreement with Luxembourg-based Centralis, allowing the latter to migrate its existing multiple systems to TrustQuay NavOne. Centralis’ clients will also be able to use TrustQuay Portal for gaining an unified view across all their structures, including corporate entities and wealth trust assets. The agreement will also see technology provider MBS offer its content management and process automation system – Laserfiche.