Belasko expands operation in Luxembourg

Belasko has relocated its Luxembourg office following the business’s expectation-breaking growth.    

Belasko has now moved to a new office space at 43-45 Allée Scheffer which will enable and encourage further development and expansion for the business.  

Ross Youngs, Commercial Director at Belasko, said; ‘The team and I are delighted with the growth we have experienced. It affirms our view that putting clients front and centre, proactively training our teams, investing in great technology and focusing on stability are the key building blocks of our success.’ 

The new premises will reinforce Belasko as an employer of choice and cement Luxembourg as a key jurisdiction for the business.  

Ross continued, ‘We received CSSF approval for our funds business in May 2022 and have quickly outgrown our previous office. We are very excited about working with our customers in Luxembourg and are proud to have secured such great premises for our staff and clients alike.’ 

‘We’re proud that Luxembourg is one of our four chosen jurisdictions. Since opening in Luxembourg in April 2022, the team have achieved fantastic organic growth and we look forward to many more years to come.’  

Belasko launches in Luxembourg

Belasko is delighted to announce the next phase of its international fund servicing growth programme having received approval from the Commission de Surveillance du Secteur Financier (“CSSF”) to become a professional of the financial sector (“PSF”).

 

The new status will enable Belasko to expand its delivery of next generation funds services to  Private Capital funds structures and related corporate vehicles utilizing Luxembourg.  Belasko’s offer leverages the Group’s core strengths supporting Real Estate, Private Equity and Private Debt managers with leading technology and a tailored service.  Belasko Luxembourg is led by Graham Parry-Dew and John Russell, who successfully completed the application process and have recruited a  team of experienced transfer agency specialists, company secretarial professionals and accountants for our existing and growing client base

Speaking about the granting of the licence, Graham Parry-Dew said “this is a key milestone in the growth of Belasko Luxembourg and enables us to continue to support our Group clients with their Luxembourg structures.  We have a built a great team of hard-working individuals with a clear focus on client service, ably supported by our Group technology platform and processes.”

Paul Lawrence, CEO of Belasko, added “Luxembourg is a key strategic focus for us, and this news cements our commitment to be in the right locations for our clients to meet their requirements for a reliable, next generation partner to support them with complex fund and corporate administration.  Graham and John have hand-picked a team that understand the importance of client service delivery and we look forward to building our presence in this key European financial centre”.

The Belasko Group operates across 4 strategic locations servicing over $7bn of assets with approximately 85 staff.

Senior hires to lead entry into Luxembourg

We are very pleased to announce the appointments of Graham Parry-Dew as Managing Director and John Russell as Director of Belasko’s new Luxembourg entity.

Graham has over 30 years of experience within the funds business working for large banks and fund services companies where he has held executive positions providing leadership through complex regulatory change. In recent years he has been heavily involved in AIFMD regulatory and service delivery aspects for leading fund promoters investing in all asset classes commonly held in Alternative Investment Funds.

John has over 12 years of experience in banking and with a leading fund services company. He has led teams delivering the full range of services required for Luxembourg AIFs and their associated structures. John is highly experienced in building robust teams and operating platforms. John will lead the operational teams and be responsible for client service delivery.

Commenting on their appointment, Paul Lawrence, Belasko’s CEO said “Graham and John join us at an opportune time during our development. Luxembourg, as the largest fund domicile outside the US and is a key geography for the future strategy of our business. Over the next few months they will be expanding and reinforcing the team to ensure that Belasko Luxembourg is perfectly positioned to deliver best in class services to the Luxembourg Alternative Investment Funds market”.

 

Greg McKenzie

Greg joined Belasko in 2020 and is responsible for service delivery from Luxembourg.

Greg has accumulated 18+ years’ experience within the financial services industry covering the investment, fiduciary and banking sectors, specializing in alternative asset classes (PE, VC, Real Estate and Credit). Through this period Greg has led and participated in several strategic initiatives which include business development, product establishment, regulatory change, operating model refinement and on boarding complex new business across entrepreneurial and global servicing businesses with particular focus on Channel Island, Luxembourg, Ireland and the UK markets.

Greg has a wealth of directorship experience that cover global banks, fiduciary and administration businesses, in addition to investment management companies and regulated investment vehicles in Guernsey, Luxembourg, Ireland and the UK. Greg is a member of the Institute of Directors and has served industry associations throughout his career.

Philippe Paul

Philippe Paul leads Belasko’s Investor Onboarding function based in Luxembourg, bringing 19 years of experience in fund administration, investor servicing, and regulatory oversight.

With a background in International Marketing and Finance, Philippe began his career as a fund accountant before expanding his expertise across accounting, oversight, regulatory reporting, and the launch and migration of international PERE structures. He has worked with major investment servicing firms, gaining deep experience in client lifecycle management, investor acceptance, and onboarding processes.

A native of France, Philippe studied Business Administration in Paris and Hamburg. He values clear communication and client-centric service, and his approach is defined by a strong process-driven mindset, adaptability, and a commitment to excellence in investor servicing.

Outside of work, Philippe enjoys spending time with his family, classical guitar, practicing judo, attending concerts, and discovering unknown local places.

John Russell

John joined Belasko in January 2021 as a Director in our Luxembourg office and is responsible for central administration operations.

John has over 13 years’ investment fund industry experience in Luxembourg. He previously held the position of Director of Client Services – Private Equity at a leading fund administrator, managing several teams of accountants, corporate lawyers as well as the Investor Services team, providing central administration services to both regulated and unregulated Alternative Investment structures.

In addition to leading operational teams, John also served on the board of a limited number of CSSF regulated vehicles. John previously held the role of supervisor on the alternatives desk of a global bank. John holds a BA (hons) in Public Administration from the University of Limerick, Ireland. John is an avid music fan, and also enjoys mountain biking, cooking, and travelling with his wife and two young daughters.

Murielle Nya

Murielle has over 11 years of experience in the financial services industry and started her career as a French qualified lawyer at reputable law firms in Paris and Luxembourg.

Murielle has also held leadership roles within service provider firms, where she assisted international clients with their daily operations and transactional matters, focusing primarily on alternative asset classes such as real estate, private equity, and credit. During her free time, Murielle enjoys being active.

Thomas Styles

Tom Styles joined Belasko in 2024 and is a Manager in fund accounting oversight based in our Luxembourg office.

Tom started his career in KPMG Luxembourg where he was an auditor for private equity and real estate funds. Tom then worked for Hines, a global real estate investment manager, where he was a senior fund accountant, working in a team that controlled €5 billion of European commercial real estate. Tom previously worked for Arcmont Asset Management, a leading private debt asset manager as a senior fund controller working on circa. €27 billion of private debt investment.
Tom holds a dual masters in business and finance from Universidad Carlos III de Madrid, Spain and Maastricht University, the Netherlands.

Charles Bettingen

Charles joined Belasko in July 2023 as Corporate Manager in our Luxembourg office.

Charles has over 11 years’ experience in fund and corporate administration in Luxembourg. This experience includes administration of alternative investment fund administrators, private equity, real estate and debt funds and special purpose vehicles (SPVs).

In addition to managing a corporate administration team, Charles also serves on the board of some of the clients’ funds and SPVs managed by Belasko.