Canada-based AssetMetrix, a provider of disruptive solutions, has opened a branch office in Luxembourg and hired a head of business development for Luxembourg, Belgium and France. The office will support rapid growth in Europe and will primarily focus on asset servicers.

The company has hired Alexander Wedlich to lead the company’s business development in Europe. Wedlich has two decades of experience working in capital markets and more than ten years’ experience providing asset management servicing to funds across the value chain.

Chief revenue officer Gilles Pelosato said: “AssetMetrix recognises the importance of Luxembourg within the private capital industry and therefore has opened a branch office to deepen existing and new client relationships. Alexander’s strong expertise in private capital, his profound understanding of the needs of our clients and his established network will excel developments in Europe”.

AssetMetrix has recently been accepted as a member of the Association of the Luxembourg Fund Industry as well as the Luxembourg Private Equity and Venture Capital Association. The company was founded in 2018 and is headquartered in Toronto, Canada.