TrustQuay, a technology provider to trust and fund administration markets, has signed an agreement with LGL Group to shift its business onto the TrustQuay NavOne system.
Based in Jersey, with offices in Luxembourg and London, LGL Group offfers corporate administration, financial reporting, funds and family office solutions.
TrustQuay secured the agreement after a competitive selection process.
Under the new agreement, LGL will centralise all its business onto NavOne.
This shift will help LGL to offer a single, fully integrated global technology solution across Jersey, London and Luxembourg for tits fiduciary and funds clients.
Moreover, NavOne will support LGL’s growth, especially as the industry digitalisation gains momentum.
LGL group chief commercial officer Zena Couppey said: “During the selection process, we were impressed by the experience and future plans of the TrustQuay team and the ability of NavOne to bring together our funds with the rest of our fiduciary business onto a single centralised system across our multi-jurisdictional platform.”
TrustQuay executive chairman Keith Hale said: “We are delighted to sign our first agreement under the TrustQuay brand by partnering with LGL Group and supporting them to achieve their growth ambitions.
“Our product roadmap is based on keeping pace with the evolving needs of clients like LGL, by meeting their regulatory, jurisdictional and digitalisation demands. We look forward to collaborating closely with LGL on our shared vision for the industry.”
Earlier this month, it was reported that the merger between Microgen and Touchstone resulted in a new brand and new business, named TrustQuay.