Francis Parisis Joins Managed Services Team at PwC Luxembourg

PwC Luxembourg has announced the strengthening of its Managed Services team with the addition of Francis Parisis, Managing Director and Head of Business Development.

The addition of Francis Parisis, along with the recently announced hiring of Edith Magyarics as Managing Director and Head of Operations Design and Product Innovation, demonstrates the confidence that PwC Luxembourg has in this key focus area of its business and kicks off a campaign of heightened visibility and announcements on new and enhanced services and tools as well as expertise. 

Although the firm has been one of the top Managed Services providers for the financial industry, with a strong focus on Alternatives, for some time, taking over accounting, tax and reporting obligations for investors, regulated and non-regulated funds, managers, holdings and investments and beyond, 2022 is the year for greater investment and greater visibility, according to PwC Luxembourg.

Francis Parisis has been at the forefront of the wealth management and fund industry for over 20 years. His career has taken him to several countries and continents spanning companies including Citco (Amsterdam, Sydney and Luxembourg), IQ-EQ and Intertrust, working across fund and wealth management in Hedge, Private Equity, Real Estate and Private Wealth services. Mr Parisis' last major professional position was at Intertrust as Global Head of Private Wealth focusing on bringing the next generation services to private clients, Ultra High Net Worth (UHNW), Family Office, Sovereign and Endowment funds. 

Francis Parisis officially joined PwC Luxembourg in September 2021 as Managing Director with a focus to develop the Commercial Strategy and Go-To-Market for Managed Services, which covers a very large variety of services, such as accounting, tax, compliance, reporting to all types of Alternatives clients. 

Born in Ghent, Belgium, he is fluent in five languages and holds a Bachelor in Business Administration (Finance) from Ghent University (Belgium) and the Unviersity of Limerick (Ireland).

Commented on his new appointment, Francis Parisis said: “I am delighted to join the PwC Luxembourg team and be a part of this exciting and expanding area. In this time of rapidly changing environments in the financial industry, so many challenges arise for clients on all fronts, when what they really need is to be concentrating on their core business. Our offer is to provide peace of mind and a continuous control to them and to make this possible through a single-access point at preferred pricing. I was surprised about the depth of the team and the breadth of Managed Services already being delivered at PwC Luxembourg upon joining! Together, I am confident that we will, through enhanced investment, continue to improve PwC’s leading integrated, one-stop-shop client solution and experience that will take significant reporting and compliance burdens from their shoulders”.

Benjamin Gauthier, Advisory Partner and Managed Services Leader at PwC Luxembourg, added: “We are happy to welcome strong new players such as Francis Parisis and Edith Magyarics to PwC Luxembourg. All the services for our Managed Services are being delivered by teams from our 550+ experts, purpose-organised to respond to our clients’ needs and not by one central delivery team. Our strategy is one of continuous development, with a more centralised approach which serves as a catalyst for the innovation of  new and enhanced services and tools. Alongside investment in people as well as acquisitions and partnerships, we are delivering on our view of the future, one that is people-led, enhanced by powerful technology and digitally amplified".