MJ Hudson has inaugurated a new office that is located in Milan. The announcement comes as the asset management consultancy firm attempts to strengthen its European presence and target further expansion.
In 2017, the company launched a fund management solutions team in Luxembourg in order to act as a gateway to Europe after the United Kigndom leaves the European Union this coming 29th of March 2018.
It also reinforced its Swiss team by adding a second partner to the Zurich office in December last year as the consultancy firms is planning to expand its European business over the next few years.
Matthew Hudson, a senior partner at MJ Hudson, stated: “The decision [to open a Milan office] was not motivated by Brexit per se, although Italian clients are certainly keen to safeguard their access to the UK market, and we are even better placed to help them with this, now.”
He adde: “Rather, the high quality of the team and the attractiveness of the Italian market, where MJ Hudson already has clients, made this an opportunity that was impossible to pass up.”
He continued: “We did establish an office in Luxembourg immediately following the Brexit vote – and the referendum result was an important influence on that decision, of course.”
The team at MJ Hudson Alma, the Milan based legal operation, is composed of two founding partners – Marco Zechini and Alessandro Corno – and associate lawyers and support employees, with plans in place to rapidly strengthen the numbers of the firm.
He noted: “As financial services enters a new era of asset management, following the financial crisis, we are keen to continue our strong growth.”
He concluded: “We are, therefore, on the lookout for other teams across Europe that will benefit from our international reputation, our institutional client base and our sophisticated operating infrastructure.”