Nick Kershaw Opalesque Industry Update: Ogier, one of the leading providers of international legal and fiduciary services, has announced it is planning to open a boutique law firm in Luxembourg as it continues to expand its worldwide network. Ogier has also announced it is intending to set up a fiduciary business in Luxembourg later this year, focusing on corporate and fund administration business.
These two developments are in keeping with Ogier’s strategy to provide the most innovative and comprehensive multi-jurisdictional services, through a significant presence in each of the world’s key financial markets and across all time zones.
Commenting on the announcement, Group Chief Executive Officer Nick Kershaw said “Ogier has a history of firsts and in opening a legal office we will be the first offshore firm to have an onshore legal presence in Luxembourg. The new office is being driven by client demand as many of our existing clients currently use or have expressed an interest in using Luxembourg, either stand-alone or as part of an offshore structure. Having a Luxembourg legal capability will therefore complement our existing suite of services."
Ogier's Luxembourg legal practice will be headed up by François Pfister who has extensive legal experience in Luxembourg with particular emphasis on investment funds, international taxation, mergers and acquisitions and corporate law. François is a senior partner of OPF Partners in Luxembourg.
Ogier's boutique Luxembourg firm will focus predominantly on providing services to existing offshore investment fund clients with Luxembourg structures, either alongside or in addition to their offshore structures, as well as introducing new business into Luxembourg from existing clients from other Ogier offices notably in Asia and North America.
It is envisaged that the office will open with two partners; Daniel Richards, a Group partner in Ogier's Jersey office who has taken a lead role in the initiative, will relocate to Luxembourg to work alongside François Pfister. Daniel has extensive European investment funds and corporate experience and is fluent in French.
François Pfister said "The convergence between offshore and onshore law as it relates to the investment funds industry makes this a very exciting time to be joining a leading offshore law firm. Luxembourg is a natural fit for Ogier and I am looking forward to working with Daniel and the Ogier partnership in introducing Luxembourg to clients of the Ogier Group."