Sionic establishes new Luxembourg base

Published by Scott Challinor on April 16th 2020, 9:09am

Financial services specialist Sionic has established its sixth European base and twelfth hub worldwide in Luxembourg.

This month’s opening of Sionic-Luxembourg comes one year after the April 2019 merger between Sionic Advisors with Catalyst Development Ltd, including the integration of asset and wealth specialists Knadel, which formed the Sionic company known today.

Sionic-Luxembourg will focus its initial efforts on the expanding ‘closed-ended’ fund administration industry, covering activities in the specialised areas of private equity, real estate, infrastructure, debt, venture capital and the associated ‘fund of funds’.

Sionic will also look to bring its wider resources to Luxembourg, including expertise in the areas of asset and wealth management, and a wide-range of banking services to global, domestic and private banks in the local area, as well as custody and depository services, insurers and payment institutions.

Sionic CEO Craig Sher said: “Our ambition is to be the world-leading specialists in financial services, offering a full range of expertise to clients worldwide.

“Sionic has over 20 years’ outstanding expertise in the most technically demanding areas of the Luxembourg market. Combining that with our wider portfolio of specialist services means we can both address the concentration of clients within Luxembourg and use this latest new base as a strategic part of our wider European expansion.”

Managing partner Paul Bratch, an expert in closed-ended fund administration, will head up the Luxembourg-based team.

Bratch said: “Sionic-Luxembourg represents a major investment into exactly the areas of fund administration in which we excel.

“Having worked with many Luxembourg-based clients over more than twenty years, I know the opportunities on offer, and am excited by key areas of growth and number of new players entering the market. I also have a great affection for Luxembourg itself and am therefore delighted to now be living in Luxembourg building the Sionic presence and bringing Sionic’s market-leading specialist services to existing and new clients alike.”

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Scott Challinor
Business Editor
April 16th 2020, 9:09am

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