Jersey Trust Company is delighted to announce the opening of its Luxembourg office, a move which will improve the flexibility for international structuring and enhance the range of services provided by the JTC Group. The opening of the Luxembourg office means that the JTC Group now operates in six jurisdictions worldwide.
JTC Luxembourg, which is licensed and regulated by the Commission de Surveillance du Secteur Financier (CSSF) as a Domiciliation and Registrar Agent, will be headed up by Cliff Langford and Roel Schrijen as joint Managing Directors.
Existing client demand for local services and the continued expansion of Luxembourg as one of the largest fund administration centres in the world are the key criteria that have driven the establishment of the new office which is a very important addition to the JTC Group network.
JTC Luxembourg will provide a full range of services across its Real Estate, Fund & Employee Services, Corporate and Private Wealth divisions, including the formation and domiciliation of companies and investment funds and the provision of directors and accounting/administration services.
Luxembourg has a particular specialism for real estate structuring and fund services and the multi-lingual senior management team has many years experience dealing with a global client base.
Cliff Langford, a Chartered Surveyor with over 30 years experience in UK and international property markets, has been recruited to focus on international real estate client matters. Cliff is an English and German speaker who has spent most of his career with DTZ in the UK, Germany and the Middle East.
Roel Schrijen is a Dutch tax lawyer who has worked directly in the trust industry in both Luxembourg and Switzerland for the last 6 years. Roel is fluent in a number of languages including Dutch, English, French, German and Luxembourgish.
Nigel Le Quesne, Group Managing Director, believes that JTC’s focus on customer service and fund administration expertise will be important assets in Luxembourg:
“We are looking forward to bringing Jersey Trust Company’s special brand of service excellence and value added philosophy to the Grand Duchy. Luxembourg has established itself as the prime jurisdiction in Europe for the management and administration of investment vehicles and funds. This is, therefore, an excellent time for Jersey Trust Company to open in Luxembourg, where there is continued growth in the demand for fund administration”.
Mr Le Quesne is certain that the combined benefits of both Luxembourg and JTC will bring real advantages to clients:
“Luxembourg works well for international real estate investors both for direct investment structures into continental properties and the establishment and administration of effective and efficient fund structures.
The infrastructure and an experienced multi-lingual workforce is prevalent within Luxembourg, to which we are adding the Jersey Trust Company approach to quality service. This is built upon a stakeholder mentality whereby each staff member shares a stake in the business through an Employee Benefit Trust.
This management concept has led to very high staff retention compared to our peers, giving us stability and an ability to focus on the long-term goals and interests of our clients. The fact that our philosophy works was proven by Jersey Trust Company recently being awarded the ‘Large Business of the Year’ in the Jersey Enterprise Awards 2009. The Luxembourg office will receive the full support of JTC Group’s resources to provide industry leading and genuine 24/7 service levels where the overriding objective is to provide intelligent and cost effective solutions for its clients.”