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Laxman Pai, Opalesque Asia: Luxembourg financial regulator Commission de Surveillance du Secteur Financier (CSSF) has granted Link Fund Solutions a license to act as UCITS management company and authorised alternative investment fund manager.
According to a press release, the Link Fund Solutions third-party "Super ManCo", part of Link Asset Services, will provide its services to fund initiators from around the globe.
It will offer its clients state-of-the-art risk management as well as a comprehensive oversight and governance framework with solid local substance.
The move underlines Australian-owned Link Groups' growth strategy of targeting key European markets. With existing Luxemburg capabilities, the firm continues to build on its significant expertise in the UK and Ireland, Australia, and the Far East.
The release quoted Chris Addenbrooke, CEO of Link Group's Fund Solutions division in Europe, as saying: "This strategic move is the result of a long-term vision initiated in the UK and Ireland which led us to becoming one of the largest third-party independent authorised fund manager / ManCo in Europe. Luxembourg is a key jurisdiction for our clients' cross-border funds and enhancing our proposition in the region is a natural step for us."
Chris added: "Being independent and 100% focused on third-party clients is a key strength. We are confident our value proposition will enable us to achieve our ambitious gro...................... To view our full article Click here
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