business opportunities: Anja Grenner head of funds, Intertrust Luxembourg Vincent van den Brink commercial director, JTC Neil Wise global head of sales and TA network management, investment fund services, Clearstream Revel Wood independent director and consultant Funds Europe How would you describe the business climate now in Luxembourg's alternatives asset servicing sector Revel Wood, independent director The expansion of the market for alternative investment funds in Luxembourg is creating new business opportunities for asset servicing firms, according to The Independent. With a constant flow of new vehicles being launched in the alternative investments sector, there is demand from alternative investment fund managers AIFMs to support their regulatory reporting obligations, and for risk monitoring and oversight to be embedded in the fund depositary or Man Co management company function. Experts from specialist administrators and securities depository Clearstream detail the environment. Against this background, there have been significant levels of consolidation within the asset servicing area with asset servicing companies acquiring other providers to extend their product range and to build scale.A host of small fintech and regtech businesses are also active in Luxembourg, developing creative solutions to many of the pressing regulatory and operational challenges that confront the investment funds industry. This is forcing firms to review their existing technology and to identify where long-term efficiency improvements can be realised through process innovation and technology upgrades. Overarching each of these drivers is a constant focus on margin and cost.
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Tagged under business opportunities, alternative topics.