Maitland Fund Services appoints new Head of Fund Services

Maitland Fund Services recently announced that Jacolene Otto has been appointed Head of Fund Services – Luxembourg.

The Luxembourg regulator, the CSSF, has approved Ms Otto’s Day-to-Day Manager (DDM) responsibilities, which will include both regulatory and functional reporting lines.

Maitland was founded in Luxembourg in 1976 and has over nearly five decades building a first-class, solid reputation in the jurisdiction. The headcount of Maitland Fund Services in Luxembourg is 25, all of whom will report to Ms Otto. In addition, Ms Otto has been appointed as Director on the Board of Maitland Luxembourg S.A.

Commenting on Ms Otto’s appointment, Maitland Fund Services MD, Jon Hugill said: “We are delighted to make this announcement which is in line with our firm’s transformation and financial inclusion objectives. Jacolene has a stellar career spanning over 12 years in the financial services industry; she is also a Chartered Accountant and worked for KPMG before joining Maitland in 2017.”

Ms Otto commented: “Luxembourg is recognised worldwide as one of the premier jurisdictions for fund services, with a highly robust governance and regulatory regime instituted and managed by the CSSF. I look forward to steering Maitland’s continued growth in Luxembourg.”