LGT Capital Partners opens administrative presence in Luxembourg
LGT Capital Partners is set to open an administration office in Luxembourg to further enhance its client servicing. The office will serve the firm’s alternative funds, initially focusing on private equity, with domiciliation, corporate secretary, transfer agency, accounting, and treasury services, and also provide these services to select client entities of LGT Capital Partners.
The office is part of the firm’s fund administration unit, LGT Fund Managers, which currently operates offices in Dublin, Ireland and Bendern, Liechtenstein.
The Luxembourg office will be co-headed by conducting officers Klaudia Jaekel, who joined the Firm in 2021, and Sven Sturzenegger, who joined in 2012. After having received regulatory approval from Luxembourg authorities as of 1 January 2023, the new entity will take office at 21-25, Allée Scheffer in L-2520 Luxembourg as of April 2023.
Klaudia Jaekel, Conducting Officer of LGT Fund Administrators (Luxembourg), commented: "We look forward to expanding into Luxembourg to better serve our growing number of Luxembourg investment entities from a local platform that is well-embedded in our overall fund operating platform."
While serving its clients directly through the new administration office, LGT Capital Partners will continue to work with select third party service providers in Luxembourg.