Belasko launches in Luxembourg

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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.

New Leadership Team for Guernsey

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We are delighted to announce the appointment of Greg McKenzie as Managing Director of our Guernsey office and Andy Bailey as Head of Fiduciary.

Greg brings over 16 years’ experience within global servicing businesses covering the funds, fiduciary and banking sectors. Specialising in alternatives, Greg brings a wealth of leadership and corporate governance experience to the business. He will oversee all aspects of the business in Guernsey including relationship management, client service delivery and corporate governance.

Andy has over 20 years’ financial services experience with leading independent trust companies and has extensive experience in complex private client and corporate structures that spans a broad spectrum of asset classes. Andy commences a growth role and his remit will oversee fiduciary service delivery across all Group locations, which will include business development, technical fiduciary matters and product development.

Paul Lawrence, CEO, commented: “Greg and Andy have come into the business at a very exciting stage in our journey. They bring energy and enthusiasm to the business and I am confident that their complementary skill sets will ensure smooth delivery of client service whilst supporting our ambitious growth plans for both Guernsey and the broader Group.”

Greg McKenzie

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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.

Sandeep Lamba

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Sandeep joined Belasko in February 2024 to Head up Funds Operations.

In his role, he’s responsible for developing, implementing, and maintaining ongoing oversight of the Group Target Operating Model to support the delivery of client services. He leads the development of policies, procedures, and the overall control governance framework to drive ISAE 3402 compliance.

An Associate Member of The Institute of Chartered Accountants of India, Sandeep trained with PWC in Mumbai, and has 20+ years’ experience in financial services spanning across audit, assurance and fund administration, leading building performing teams and delivering value added services to clients and stakeholders.

In his spare time, Sandeep likes to spend time with his two boys, running for good health and practising breath work and meditation for mental well-being.

 

Nick McHardy

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Nick joined Belasko during 2020, is based in London and leads our Fund Administration service offering.

Nick has over 15 years’ experience working with private equity, credit and real estate fund structures and is passionate about delivering excellent client service through the deployment of efficient processes and the effective use of technology. He has led on the transfer of complex fund administration and accounting mandates and in the implementation of ISAE 3402 compliant fund administration operating models.

Nick qualified with PwC and has held a number of board positions for regulated and unregulated fund structures (General Partners & Managers).

John Russell

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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.