Ian Netto, Praxis IFM in Luxembourg;

PraxisIFM has announced that it has hired Ian Keith Netto to join its Luxembourg office as a signal of its plans to grow its fund business in the jurisdiction.

Ian Keith Netto has joined the global financial services group as the Luxembourg Head of Fund Services and will be responsible for the funds business development and operations in that jurisdiction. Ian Netto has more than eight years’ international experience spanning Europe, Asia-Pacific and Australasia. His experience with investment funds covers all major asset classes including private equity, debt and real estate, across a diverse array of specialised-industries such as financial services, realty (property development, construction and operations), pharmaceutical & healthcare, technology, manufacturing & retail and luxury.

"Luxembourg, already a globally-prominent investment funds hub, is well-positioned to cater to the exponential growth in the private capital markets, and PraxisIFM, being recognized for its quality of service, is able to ride on this advancement to provide tailored solutions for funds being established within the Grand Duchy," he said. "To be part of this phenomenal development is truly an honour and a privilege."

Before joining PraxisIFM, Ian had held positions as a senior manager and country division leader for a London Stock Exchange listed trust company, a financial controller in a world-renowned American private equity house as well as a management consultant and assurance specialist for a Big Four accounting firm.

Robert Kimmels, Managing Director Luxembourg added: "Since commencing operations in Luxembourg in 2009 we have a built a solid platform, and we now look to push on as the fund services market in Luxembourg continues to accelerate. Ian’s hire is a key step in that strategy."