Funds and corporate services provider Aztec Group has made four appointments in its alternative investment fund manager (AIFM) services subsidiary in Luxembourg, which it launched last year.
Christian Beissel has been named senior valuation manager and will lead day-to-day valuation operations. Beissel brings a decade of experience in valuation and risk management in Luxembourg’s fund sector.
Maurizio Calvo has been appointed portfolio manager and will contribute to portfolio analysis, oversight and client reporting. Calvo previously held posts at Fundrock, Deloitte and BBVA Asset Management.
Lyne Merkle is the new risk and compliance officer and compliance manager and will focus on anti-money laundering rules. She has worked in Luxembourg’s asset management services sector since 2018.
Eddy Conrad was named risk manager and will implement the firm’s AIFM risk framework. Prior to Aztec Group, he held positions at IM Global Partner, AllianceBernstein and PwC in Luxembourg.
“Expanding our senior team ensures we’re equipped to meet evolving regulatory demands,” Paul Conroy, head of the Aztec AIFM Services unit in Luxembourg, said in an announcement last month.
Globally, Aztec Group said it employs 2,200 staff in nine offices and looks after a collective €750 billion in assets under management for more than 450 funds.
In the Grand Duchy, it had 646 employees for the financial year ending 31 March 2024, the latest publicly available, up from 589 the prior year.
The group’s Luxembourg business posted net turnover of €130 million and €27 million in profit for the financial year ending 31 March 2024, up from net turnover of €111 million and €22 million in profit a year earlier.
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