Butterfield Fulcrum and Luxembourg Investment Solutions (LIS) have signed an agreement to provide a complete suite of management company and fund administration services in Luxembourg.
The offering will help non-European fund initiators launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs.
"Bringing together the jurisdictional and product expertise of LIS and the industry leading operational infrastructure of Butterfield Fulcrum has allowed us to create a unique and compelling offering encompassing every aspect from design and setup to complete reporting and administration services for managers wishing to establish a European Onshore structure," says Tim Thornton, managing director, Global Client Delivery at Butterfield Fulcrum.
The fund services provider will now offer the setup and administration of the complete range of fund structures available in Luxembourg from Specialised Investment Funds (SIFs) to UCITS, leveraging the firm's front, middle and back office systems. Through the partnership, fund managers can set up customised regulated fund structures with full coordination between the Luxembourg financial supervisory company, Commission de Surveillance du Secteur Financier (CSSF), legal advisors, tax specialists, custodians and other Luxembourg-based entities.
