Fund management consultancy MJ Hudson opens Luxembourg office
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.
18.09.2017
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.