Ebury opens Luxembourg office 19 October 2022Luxembourg Reporter: Lucy Carter
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Transaction payment solutions provider Ebury has opened a Luxembourg office, offering cross-border payment services to alternative investment fund managers and corporate service providers.
The branch is registered under CSSF regulations, and will provide services including the issuance of blocking certificates and risk management, and support for MiFID compliance and treasury solutions.
The opening of the Luxembourg office comes nearly five years after Ebury opened its first Canadian office in Toronto.
The office was built with a view to support rising demand for international currency payments and collections, foreign exchange risk management and import finance solutions from Canadian businesses.
Commenting on the opening of Ebury’s Luxembourg office, Lamin Jaiteh, global head of institutional solutions, says: “Luxembourg is a hub for alternative investments and so establishing our presence in this geography will be crucial to achieving our ambitious aims in the sector.
“We have witnessed huge demand from alternative investment managers for an institutional partner with the scale and speed of Ebury to meet these needs and provide an alternative to traditional providers. In a rapidly changing world, flexibility is key, which is one of our USPs.”
Michel Post, director of institutional services, comments: “Ebury is fully dedicated to this sector. Our staff understand the dynamics in the markets and we have the technology and products to cover the needs of our prospective clients, so they can focus on their core business.”
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