TrustQuay, a technology provider to the corporate services, trust and alternative fund administration markets, has opened a new office in the Luxembourg House of Financial Technology (LHoFT).
The new office comes after TrustQuay significantly invested in Luxembourg-specific corporate services, trust and fund administration functionality such as eCDF and FAIA reporting.
In addition, the company has expanded its customer base with the signing of Centralis, a corporate services provider headquartered in Luxembourg.
Alongside the new Luxembourg office, TrustQuay has eight other offices located in Jersey, Guernsey, the UK, Singapore and Australia.
Keith Hale, executive chairman of TrustQuay, explains that Luxembourg is “a key and growing” corporate services and alternative fund administration market.
Following TrustQuay’s investment in the local requirements and team, Hale says: “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.”
Hale suggests that the corporate services, trust and fund administration sector is undergoing unprecedented change, which is 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 merger and acquisition integration where needed,” he adds.
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