Fund management consultancy MJ Hudson opens Luxembourg office

Fund management consultancy MJ Hudson has announced plans to open a new office in Luxembourg, which will advise its clients on post-Brexit options.

The fund management solutions team will also create an operational capability within the European Union.

The company's plans for a Luxembourg office were "accelerated" by Britain's vote to leave the European Union in 2016, said Matthew Hudson, CEO of MJ Hudson.

Located in the centre of Luxembourg, the new office will launch with a team of six people led by Olivia Tournier-Demal and Thomas Meyer.

Tournier-Demal was formerly Deputy Director at Lombard Odier, while Meyer is the former Deputy Director of the European Fund of Innovation, Investments.

The board of directors at the Luxembourg company will include Francis Carpenter, formerly CEO of the European Investment Fund and secretary general of the European Investment Bank, Matthew Hudson, CEO of the MJ Hudson Group, and lawyer Aldric Grosjean, currently associated with Lexfield.

MJ Hudson Management has received a license authorised by the The Commission de Surveillance du Secteur Financier (CSSF) and will operate as a substantial and independent entity within the MJ Hudson group, next to its sister company based in London, which holds the same license.

MJ Hudson Fund Management Solutions in the UK manages a dozen funds totalling almost £1 billion (€1.14 billion). 

Its ambition is to develop widely in Europe and reach the equivalent of £10 billion in the next five years.

(Hannah Brenton, hannah.brenton@wort.lu, +352 49 93 728)