Suntera Global has strengthened its client base and presence in EU markets with the acquisition of Reference Financial Services (Reference), a boutique fund administration and corporate services firm.

The deal bolsters its growth strategy and complements its network of offices in Jersey, Cayman, Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.

Founded in 2003, Reference Financial Services is a provider of boutique fund administration and corporate services to Luxembourg-based entities.

Reference  has a senior team with long-standing industry experience, and headquarters in Luxembourg.

It offers a wide range of services including central administration, corporate administration, accounting and tax compliance, family office, directorship, company secretarial, domiciliation and incorporation. It 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. 

Commenting on the acquisition, Paul Mundy, managing director of the Funds Division at Suntera Global, said: “Reference is an ideal fit for Suntera Global since they closely match our own 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, provides us with an additional key footprint within EU markets and enhances our client service proposition."

Olivier Jarny and Cedric Raths, co-owners and managing partners at Reference added: “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.”