Kinetic Partners, the global professional services firm to the asset management, banking and broking industry has expanded into Luxembourg with the acquisition of AB Fund Services.
AB Fund Services advises on regulatory and compliance requirements for investment funds domiciled in Luxembourg, with a particular emphasis on the risk management requirements of the regulator, Commission de Surveillance du Secteur Financier.
The acquisition adds to Kinetic Partners six offices in London, Dublin, Grand Cayman, New York, Geneva and Hong Kong.
The new office will provide support for global and local financial services organizations operating in Luxembourg, which Kinetic Partners expects will be extended to include corporate recovery and forensic services.
We are delighted to announce our acquisition of AB Fund Services and very much look forward to welcoming the team to Kinetic Partners and working together, says Raymond ONeill, a founding member of Kinetic Partners. The acquisition is in line with the Firms planned expansion strategy to open in new jurisdictions in response to the changing needs of our clients, who rely on our ability to operate seamlessly across borders. Expansion is a crucial requirement given the growing global nature of our industry and further strengthens the Firms leading market position within its chosen sectors.
Benot Andrianne, CEO of AB Fund Services, adds: We are very excited to be joining forces with Kinetic Partners, given their exceptional reputation as a high quality provider of advisory services to the finance industry. We look forward to working together to develop and grow our services to respond to clients who are operating in an ever complex regulatory environment.
(CG)