Suntera Global has acquired Luxembourg-based boutique fund administrator Reference Financial Services in its latest move to further strengthen its presence in EU markets.
The acquisition, which is subject to appropriate regulatory approvals, supports Suntera Global’s growth strategy and complements its office network in Jersey, Cayman, Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.
Founded in 2003, Reference is a boutique fund administration and corporate services provider to Luxembourg based entities.
Reference provides a full suite of services including central administration, corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation.
The boutique fund administrator also assists in the incorporation of Luxembourg funds and companies as well as in their liquidation.
“Our decision to join Suntera Global is an exciting move designed to provide our clients with access to a depth of additional expertise in many other key markets where we are not currently represented, while maintaining the same high quality level of personal service but with a shared focus on responsibility and ambition,” said Olivier Jarny and Cedric Raths, co-owners and managing partners at Reference.
Reference’s global client base is active in private equity, real estate, intellectual property, energy trading, e-commerce, wealth management, advisory services and maritime and ship financing.
“Reference is an ideal fit for Suntera Global since they closely match our own service ethos and provide a tailored, personal, bespoke offering delivered by a senior management team with years’ of experience managing clients’ needs in Luxembourg,” said Paul Mundy, managing director of the funds division at Suntera Global.
“The acquisition further fuels our strategic expansion plans, provides us with an additional key footprint within EU markets and enhances our client service proposition.”