Luxembourg has given the firm the ability to provide a wider range of administration services from the European jurisdiction.

Crestbridge, an international provider of administration, accounting, management and corporate governance solutions, has won a new regulatory licence in Luxembourg. 

The licence, from the Commission de Surveillance du Secteur Financier, is for funds administration, it said in a statement last week. 

The new licence enables Crestbridge to provide a broad range of fund administration services from Luxembourg, complementing its Management Company (ManCo) solution already provided from the European jurisdiction.

“Luxembourg is a major hub for alternative asset fund structuring and, particularly with the changing political landscape, this new licence will be a strong addition to our proposition of providing services in key domiciles and enable us to provide a holistic, bespoke and flexible service to managers wanting EU investor access,” Michael Johnson, Group Head of Fund Services at Crestbridge, said. 

Crestbridge set up its ManCo in Luxembourg in 2011. It also built an Alternative Investment Fund Manager (AIFM) in early 2014, providing a third-party management company solution for managers of both UCITS and alternative investment funds with pan-European distribution needs. The business also holds a European Venture Capital licence.

The firm has offices in Jersey, London, Bahrain, and the Cayman Islands as well as Luxembourg. Crestbridge which, as a group, services assets valued of more than $120 billion, recently commented on family offices issues here for this publication.