The Aztec Group, which currently offers administration services to private equity, venture capital and real estate vehicles as well as alternative fund of funds in Jersey and Guernsey, has
The Aztec Group, which currently offers administration services to private equity, venture capital and real estate vehicles as well as alternative fund of funds in Jersey and Guernsey, has announced the opening of an office in Luxembourg on September 3.
Aztec Group is an independent, multidisciplinary specialist in the administration of alternative investment funds. The firm says the new office will enable funds and investment holding structures domiciled in Luxembourg to be administered by the Aztec Group to the same standards currently provided from its Channel Islands-based offices.
The Luxembourg office will be headed by James Bermingham, an existing member of the Jersey team who will maintain his responsibilities as group general counsel in addition to running the office in the grand duchy.
‘I am very excited about my new role and taking the Aztec Group formula to Luxembourg,’ Bermingham says. ‘Informal discussion with a number of promoters has led to us already having clients before we officially open the doors for business, which is a fantastic start and testament to our service.’
The Aztec Group was founded in Jersey six years ago and currently has more than EUR9bn under administration. The group employs more than 50 staff in Jersey, Guernsey and Luxembourg and also has plans to establish a presence in London later this year.
‘It is a natural progression for the Aztec Group to provide its specialist expertise to clients in this well-known fund jurisdiction,’ says Edward Moore, Aztec Group’s co-founder and managing director. ‘We are looking forward to providing managers of Luxembourg-based funds with our unique service proposition: an unrivalled focus, proven experience and dedication to meet the needs of those who manage complex and innovative fund structures.’