The firm said its staffing numbers in Luxembourg have surged over the past year.

Crestbridge, which provides global administration, management and corporate governance solutions services, is moving to larger offices in Luxembourg, a move that appears partly driven by a need to guard against the impact of Brexit.

The new offices are at 1 Boulevard de la Foire. Besides Luxembourg, the firm, which has more than 250 staff, also operates from Bahrain, Cayman, Jersey and London.

“Driven partly by Brexit but also by Luxembourg’s focus on asserting its position as the leading European jurisdiction for cross-border investment fund distribution, we have continued to see rising business levels over recent months and have expanded and strengthened our team as a result," Daniela Klasén-Martin, managing director of Luxembourg and group head of management company services, said.

Last year the firm said that its Luxembourg team surged by more than 69 per cent, adding Aleksander Jakima, Sue Saddul and Pierfrancesco Rinaldi.

The firm set up a management company in Luxembourg in 2011, providing a third-party management company solution for managers of both UCITS and alternative investment funds, whilst in 2016 the firm became the manager for the first RAIF platform established in the jurisdiction. Crestbridge can also provide services to venture capital funds, having been granted a licence in 2015 to act as a manager under the European Venture Capital Funds (EuVECA) regulation.

“This move should send a clear message that we remain committed to Luxembourg as a key strategic jurisdiction that forms a key part of our international network," Klasén-Martin said.