Trust Quay, a leading multinational tech specialist focusing on trust, alternative fund administration markets and corporate services revealed partnership with rival FinTech firm LGL Group in its latest announcement. LGL Group, similar to Trust Quay is a financial services provider with global client base and focuses on services such as corporate administration, financial reporting, funds and family office solutions. According to official statement from Trust Quay, LGL Group has entered into a partnership with Trust Quay to migrate its business onto Trust Quay Nav One System. Headquartered in Jersey, LGL Group primarily deals with clients from Luxembourg and London aside from its home base.
Via this technology focus deal, LGL will centralise all its businesses onto Nav One platform creating a single, fully integrated global technology solution for its global client base. LGL group chose Trust Quay via process of competitive selection as it works to provide best in class service to its fiduciary and fund clients. LGL Group also gains additional benefits as part of this deal as it can leverage on Nav One’s roadmap t o support its growth activities as the industry digitalisation is gaining high momentum.
Commenting on this partnership agreement, Zena Couppey – Group Chief Commercial Officer at LGL Group 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”.
Speaking on same note, Keith Hale – Executive Chairman of Trust Quay added “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”.