Sunetra Global acquires Luxembourg based Reference Financial Services SA.

Suntera Global, a firm that provides corporate, fund and private client services across multiple jurisdictions acquires Reference Financial Services SA (Luxembourg), a boutique fund administration and corporate services firm.

Inclusion Times
Inclusion Times

Suntera Global, a firm that provides corporate, fund and private client services across multiple jurisdictions, has acquired Reference Financial Services SA (Luxembourg), a boutique fund administration and corporate services firm.

Founded in 2003, Reference Financial Services SA provides boutique fund administration and corporate services to entities based in Luxembourg. They also assist in the incorporation of Luxembourg funds and companies and their liquidation. Reference has a global client base active in private equity, real estate, intellectual property, energy trading, e-commerce, wealth management, advisory services and maritime and ship financing.

Olivier Jarny & Cedric Raths, co-owners and managing partners at Reference, said: 'Our decision to join Suntera Global is an exciting move designed to provide our clients with access to a depth of additional expertise in many other key markets where we are not currently represented while maintaining the same high-quality level of personal service but with a shared focus on responsibility and ambition.

The acquisition, which is subject to appropriate regulatory approvals, adds to Suntera Global's client base while strengthening its presence in EU markets. The move is in line with its growth strategy and complements its office network in Jersey, Cayman, Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.

Reference is regulated by the Commission de Surveillance du Secteur Financier (CSSF). It is authorised as a Professional of the Financial Sector (PSF) in Luxembourg. In addition, Reference is an accredited maritime manager supervised by the local maritime authority, the 'Commissariat aux Affairs.

Commenting on the acquisition, Paul Mundy, Managing Director of the Funds Division at Suntera Global, says: "Reference is an ideal fit for Suntera Global since they closely match our service ethos and provide a tailored, personal, bespoke offering delivered by a senior management team with years of experience managing clients' needs in Luxembourg. The acquisition further fuels our strategic expansion plans, provide us with an additional key footprint within EU markets, and enhances our client service proposition."

NewsDigital inclusion