Torsten Ries (VP Fund Solutions): Giving a Small Country Global Reach
In the age of global finance, alternative investments are letting Luxembourg and its fund managers punch above the small country’s weight.
"With its one-stop-shop approach, VP Fund Solutions is part of Luxembourg's success story as the world's second largest fund centre."
A One Stop Approach
For customers deciding where to invest their funds, convenience is crucial. They want a provider who can give them the full service, and as Torsten Ries of VP Fund Solutions (Luxembourg) SA explains, his company does this through its one-stop-shop approach. The company covers the spectrum of services for a fund’s whole life cycle. This includes alternative investment fund management (AIFM) and third party management company (ManCo) services, such as central administration, transfer agency services, and a custodian function. These services are modular, meaning that customers can choose what they need while keep- ing all their services under one roof. A single specific contact person supports lean, efficient communication on a day-to-day business. Synergies within the service create fast paths for business, cost-efficient working, and a better customer experience.
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​Local Finance, Global Investment
This one-stop approach, providing a full range of services in one place, has worked well for the company. “The volume of business has developed very encouragingly in re- cent years,” Ries explains. UCITS funds, which allow investment schemes to trade freely within the EU, play an important part, but alternative investment funds (AIFs) have also be- come a central pillar of the company’s services. The number of AIFs managed by VP Fund Solutions has been growing, meaning that the company covers a more diverse spread of economic options. Asset managers, family offices, fund managers, and institutional clients have all come to VP Fund Solutions for investment support. These funds generally focus, directly or indirectly, on private equity, real estate, and infrastructure. And while the clients are European, with most domiciled in Germany and Switzerland and others coming from Austria and the BeNeLux countries, the investments their funds make are global.
The Alternative Goes Mainstream
While the “alternative” label might make AIFs sound like an outsider option, they’ve become a central pillar of the investment community and a stable option for investors. Luxembourg in particular is turning into a powerful base for these investments. Its stable political, economic, and regulatory environment has encouraged the development of a strong fund investment sector, with plenty of professional service providers to cover the full fund life cycle. With few language barriers amid a workforce that commutes across borders, the country is a truly international finance centre that can draw on skilled professionals from across the region. Its internationally oriented market has made the country an attractive location to domicile a fund, turning it into the world's second-largest fund centre. Luxembourg’s specific benefits, and the stability of the alternative investment market, have created a strong position for companies like VP Fund Solutions.
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FACTS & FIGURES
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Birthday: 09 August 1977
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Place of birth: Marburg (Germany)
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Nationality: German
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Children: 2
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Languages: German, English, French
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Hobbies: Family, Garden, Hiking, Piano
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MY FAVOURITE
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Cities: Paris, Zurich, Duesseldorf
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Restaurants: Les Jardins D'Anais, Im Schiffchen (Kaiserswerth / Germany)
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Places: Lake Constance
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Books: Divine Comedy by Dante Alighieri, The picture of Dorian Gray by Oscar Wilde
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Music: Beethoven, Smetana, Acid Jazz, Serge Gainsbourg, Dream Theater
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Artists: Wiliam Turner, Johannes Vermeer, Albrecht Dürer, Vincent Van Gogh, Caspar David Friedrich
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CAREER ORIENTATION
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I started my career as a research analyst for private equity funds. In the further course of my career, I always worked in the field of alternative investment funds. I'm active in Luxembourg since 2016 and am member of the Executive Board at VP Fund Solutions (Luxembourg) SA since 2019.
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FUND EXPERTISE
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16 years of experience in alternative investment funds.
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YOUR HOBBY, YOUR PASSION
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I like to spend time with my family. Garden and hiking is the best opportunity to relax. I also like to use the time to play the piano; especially Beethoven and Bach.
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