Gentoo Fund Services expands into Europe with SHRM purchase
Fund administrator Gentoo has expanded into Luxembourg with the acquisition of SHRM Financial Services.
SHRM provides fund administration and domiciliation services. The business will keep its existing 13-strong team based in Luxembourg, and will be renamed Gentoo Financial Services (Luxembourg).
The acquisition adds to Gento's existing team of 29 professionals operating in Guernsey. Assets under administration now total $15bn. The group provides administration and depositary services to private equity managers and family offices.
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