Friday, January 13, 2012
Ogier, a leading provider of international legal and fiduciary services, has announced plans to target new clients in Luxembourg with the establishment of legal and fiduciary businesses in the territory.
Ogier announced that in order to expand the firm's worldwide network, the Group plans to establish a boutique law firm prior to the establishment of a fiduciary business in the latter part of the year, focussing on corporate and fund administration.
Commenting on the announcement, Group Chief Executive Officer, Nick Kershaw said, “Ogier has a history of firsts and in opening a legal office we will be the first offshore firm to have an onshore legal presence in Luxembourg. The new office is being driven by client demand as many of our existing clients currently use or have expressed an interest in using Luxembourg, either stand-alone or as part of an offshore structure. Having a Luxembourg legal capability will therefore complement our existing suite of services."
Ogier's boutique Luxembourg firm will focus predominantly on providing services to existing offshore investment fund clients with Luxembourg structures, either alongside or in addition to their offshore structures, as well as introducing new business into Luxembourg from existing clients from other Ogier offices notably in Asia and North America.
Francois Pfister, who will head up Ogier's Luxembourg legal practice, said: "The convergence between offshore and onshore law as it relates to the investment funds industry makes this a very exciting time to be joining a leading offshore law firm. Luxembourg is a natural fit for Ogier."