The French investment firm Norman K has opened a new office in Luxembourg.
The local operation is led by Nicolas L’Hermite, CEO of the Luxembourg business, and Nicolas Mayer, its local sales director, the company said in a press release on Friday.
The firm provides asset management, financing and wealth advisory services to entrepreneurs and family offices.
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The company said it had “more than €10 billion in assets under supervision and a team of over sixty dedicated professionals across Europe.” Luxembourg joins the list of its other offices in Paris, Nice, London and Geneva.
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“Its presence in the Luxembourg capital will [help the firm] accelerate its growth through external acquisitions,” the firm stated in the press release.
The Luxembourg Times asked Norman K about potential acquisitions and its staffing plans in the Grand Duchy but did not receive a response by the time of publication.
The office started operating in January, according to business registry records, but the firm held its formal inauguration last Wednesday.
