19th May 2016
Langham Hall’s Luxembourg business has moved to new larger premises on rue Jean-Pierre Brasseur, close to Luxembourg city centre, with virtually triple the floor area of its former office.
The decision to move reflects significant expansion over the past 12 months both in terms of headcount and new business. This has been assisted by the business obtaining its depositary licence in December 2015 to provide services to closed ended funds that fall within scope of the AIFMD and other closed ended regulated Luxembourg funds. This licence compliments the existing licence to offer core central administration, domiciliation and transfer agency services to Luxembourg funds and corporate structures.
One of Langham Hall’s new Luxembourg clients is Niam, the Stockholm-based real estate investment manager which has €2.3 billion AUM in the Nordic region. It chose Langham Hall to provide administration and depositary services for its new core-plus vehicle.
The company was also selected as administrator and depositary to a Luxembourg parallel vehicle which is expected to invest alongside a fund managed by AEW (which with its global affiliates manages over US$50 billion in real estate assets and related securities) with a strategy to make direct real estate investments in Asia.
On the private equity side, it has recently been appointed as administrator for a Luxembourg feeder fund for a Swedish private equity firm.
Keith McShea, Head of Luxembourg, reported that growth had been achieved on the back of building a successful track record and achieving critical mass. “Gaining the depositary licence has also been a very important catalyst,” he added.
As well as McShea, a UK qualified solicitor, Langham Hall Luxembourg’s senior team includes Tatyana Boger, Antoine Bonte and Clive Griffiths, all qualified accountants with audit backgrounds.
In addition to Luxembourg, Langham Hall also operates in London, Jersey, Guernsey, Hong Kong and Singapore.
Contact: Keith McShea, Head of Luxembourg - firstname.lastname@example.org