Fuchs: Fuchs and Lawson Conner team up for ManCo push

Submitted by Nick Fitzpatrick on Mon, 2017-12-18 16:56Luxembourg-based Fuchs Asset Management, a 'ManCo' provider, is to extend its services in the UK through a partnership with Lawson Conner Group, a compliance and regulatory outsourcing firm.The two firms say they will serve an international client base of hedge funds, private equity and real estate funds, providing them with management company infrastructure - known as 'ManCo' - for compliance with fund regulations in the UK and also in Europe.As well as Fuchs' expansion in the UK, the partnership will give Lawson Conner's clients access to integrated fund solutions and ManCo services in Luxembourg, the firms said.Lawson Conner will provide compliance and regulatory infrastructure to clients, while Fuchs will provide compliance, risk, governance and portfolio management services to firms and funds under the Alternative Investment Fund Managers Directive and Ucits.Gerhard Grueter, managing director of Lawson Conner, said the move was a strategic decision for the firm to continue to offer "the most flexible fund management options across the UK and European jurisdictions"."This partnership will help us fully deliver on our strategy, giving us a strong set of new capabilities and robust foundations in a post-Brexit environment," Grueter said.Fuchs is the asset management arm of a family-run finance group with office in Luxembourg, Belgium and Switzerland.Timothe Fuchs, CEO of Fuchs Asset Management, said: "The relationship with Lawson Conner represents a powerful opportunity for Fuchs Asset Management to significantly expand our presence into the United Kingdom, a vibrant and very important market, and extend it to other parts of the world over time."©2017 funds europe