Luxembourg / 29 March 2019
Crestbridge moves to larger offices in Luxembourg to accommodate growth
Crestbridge has moved to new larger office premises in Luxembourg as a result of a recent expansion of its team in the jurisdiction and ahead of anticipated future business growth.
As from 1 April 2019, Crestbridge’s Luxembourg office, which will mark its tenth anniversary next year, will be at 1 Boulevard de la Foire, premises that offer greater scope for future expansion.
The firm has seen considerable growth in business flows and headcount in recent months. Over the past year alone, the firm has grown its Luxembourg team by over 69%, whilst it also recently strengthened its senior team with the appointments of Aleksander Jakima, Sue Saddul and Pierfrancesco Rinaldi.
Crestbridge was one of the first firms to establish a Management Company (ManCo) in Luxembourg in 2011, providing a third-party management company solution for managers of both UCITS and alternative investment funds, whilst in 2016 the firm became the manager for the first RAIF platform established in the jurisdiction. Crestbridge is also able to provide services to venture capital funds having been granted a licence in 2015 to act as a manager under the European Venture Capital Funds (EuVECA) regulation.
In relocating to new offices, Crestbridge is future-proofing its operation in a jurisdiction that remains key to its growth strategy, as Daniela Klasén-Martin, Managing Director of Luxembourg and Group Head of Management Company Services, explains:
“Driven partly by Brexit but also by Luxembourg’s focus on asserting its position as the leading European jurisdiction for cross-border investment fund distribution, we have continued to see rising business levels over recent months and have expanded and strengthened our team as a result. We are absolutely delighted to see this trajectory continuing and moving into our new offices will give us enhanced capacity to continue to grow in Luxembourg and support clients in their future success."
“This move should send a clear message that we remain committed to Luxembourg as a key strategic jurisdiction that forms a key part of our international network, as we continue to offer innovative and tailored solutions across the fund and corporate spectrum.”
All phone numbers for Crestbridge’s Luxembourg team will remain the same, with full new address details available here.
Globally, Crestbridge now employs more than 280 people across its network of five offices in Bahrain, Cayman Islands, Jersey, London and Luxembourg.