The Luxembourg regulator, the CSSF, has approved Ms Otto’s Day-to-Day Manager (DDM) responsibilities, which will include both regulatory and functional reporting lines.
Maitland was founded in Luxembourg in 1976 and has over nearly five decades built a first-class, solid reputation in the jurisdiction. The head count of Maitland Fund Services in Luxembourg is 25, all of whom will report to Ms Otto.
In addition, Ms Otto has been appointed as Director on the Board of Maitland Luxembourg S.A.
Commenting on Ms Otto’s appointment, Maitland Fund Services MD Jon Hugill said: “We are delighted to make this announcement which is in line with our firm’s transformation and financial inclusion objectives.
Jacolene has a stellar career spanning over 12 years in the financial services industry; she is also a Chartered Accountant and worked for KPMG before joining Maitland in 2017.”
Ms Otto commented: “Luxembourg is recognised worldwide as one of the premier jurisdictions for fund services, with a highly robust governance and regulatory regime instituted and managed by the CSSF. I look forward to steering Maitland’s continued growth in Luxembourg.”
Press release from Maitland Fund Services
Publié le 26 avril 2022