On 11 November, MDO Services has been officially launched following the merger between Mercuria Services and The Directors’ Office. “The merger has created the single most important player in its field, providing a seamless range of services in fund governance, substance, supervision of delegations and risk management, as well as third party management company services,” the group reported. The new group’s activities will then be conducted by four legal entities: MDO Services (formed by the merger of Mercuria Services and The Directors’ Office), MDO Management Company (a UCITS III management company, formed by the merger of  Mercuria Management Company into TDO Management Company), MIRS (a risk management specialist in partnership with Independent Risk Monitoring) and The Directors’ Office (a service provider dedicated to a select group of company directors, managers and persons in supervisory roles).

The new merger will bring, among other benefits, enhanced service offering, economies of scale, client servicing continuity and improvement of operational flows.

The Board of Directors includes Marie-Jeanne Chèvremont (Chairman), Nicolaus Bocklandt, Géry Daeninck, Claude Kremer, Yves Wagner, and Patrick Zurstrassen. Patrick Zurstrassen will also be president of the management committee, which will be composed of managers from both companies.

MDO Services will cover substance services (human, infrastructure and logistical) to investment funds, services to company directors, managers and persons in supervisory roles, risk management services to investment funds, financial institutions, banks or insurance companies, directors and persons in supervisory roles, third party management company services, provision of company secretarial, governance, hosting and provision of temporary or long-term furnished offices as well as compliance and consulting services in relation to the other MDO Services’ activities.

“The launch of MDO Services has brought together two highly successful teams. Our combined and proven records of innovation and service delivery mean we are well able to meet the challenges of the current market conditions and we expect to deliver substantial benefits for our clients and our people”, Marie-Jeanne Chèvremont, the new chairman of MDO Services said.

The new group’s name stands for Management company services - Directorships - Oversight and risk management.