The new appointment follows the announcement that Eduard von Kymmel, the current head of VP Fund Solutions of VP Bank Group and CEO of VP Fund Solutions, will step down from his position at the end of 2020
Its Luxembourg funds are structured as Société d'investissement à Capital Variable (SICAV) and Fonds Commun de Placementvehicles
Thomas Murray has entered into a new partnership with International Fund Services & Asset Management, a Luxembourg-based fund platform
Wim Ritz's most recent role was as country managing director for Vistra, leading the rapid growth of its fund administration business
As part of the mandate, HSBC will also become fund administrator for the UCITS funds
The acquisition will help TMF Group drive fund activities growth in Luxembourg
The deal combines the Fondcenter business with Clearstream’s existing fund desk for global fund distribution support with over $290 billion assets under administration
VP Bank has appointed Claus Jørgensen as CEO, effective immediately, having previously acted as interim successor to Thomas Steiger since his resignation in May
