Crestbridge sets up ManCo branch in London in light of Brexit
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Crestbridge sets up ManCo branch in London in light of Brexit 12 June 2019London Reporter: Jenna Lomax
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Crestbridge has established a branch of its Luxembourg Management Company (ManCo) in London to secure new opportunities post-Brexit.
The branch is intended to act as a point of contact for London fund managers making use of or exploring, the potential offered by an EU ManCo as part of their European market access strategy.
Crestbridge established its ManCo in Luxembourg in 2011 and was one of the first firms to establish an alternative investment fund manager in early 2014, providing a third-party management company solution for managers of both UCITS and alternative investment funds with pan-European distribution needs.
Daniela Klasén-Martin, group head of management company services at Crestbridge, said: “Irrespective of when and how the UK exits the EU, it is almost inevitable that the position on cross border passporting of financial products between the UK and the EU will change, and many UK managers will ultimately need to identify alternative arrangements in the longer-term.”
She added: “We are in a strong position to provide solutions to fund managers regardless of how Brexit pans out, but we certainly see the Luxembourg ManCo specifically and greater cooperation between our London and Luxembourg offices as being absolutely central to supporting managers with their future structuring needs.”
Paul Windsor, managing director of Crestbridge’s London office and the branch manager, commented: “Through our new ManCo branch in London, our intention is to help the rising number of managers looking for a solution to the Brexit uncertainty understand the ManCo platform and the Luxembourg environment by offering a personable, easy access face-to-face service.”
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