JTC, the independent institutional and private client service provider, has acquired Arcange REIM in Luxembourg. It says this move will enable it to launch a new AIFM management company (ManCo) business as it continues to enhance its range of European alternative fund services.
The new ManCo – Global AIFM Solutions SA – is a wholly owned subsidiary of JTC, offering a fully AIFMD-compliant ManCo service through Luxembourg to both EU and non-EU third-party alternative investment funds (AIFs).
Its activities will include providing a portfolio management, risk management and oversight functions and offering compliance and reporting services required under AIFMD regulation.
Nigel Le Quesne, group chief executive officer and chairman, JTC, said: “JTC is committed to providing fund managers with a comprehensive, flexible and truly global service, and this acquisition of Arcange REIM is further evidence of that. It consolidates JTC’s position as a recognised leader in fund services and, following our partnership with Indos earlier this year to provide independent depositary services, extends our AIFMD capabilities within the European alternative funds market.”