Global fiduciary and administrative services firm Estera has launched a Luxembourg-based corporate and trust services company.

Estera, formerly part of law firm Appleby, acquired Headstart S.à.r.l earlier this year as part of its expansion into the European duchy.

Estera (Luxembourg) S.à r.l is led by managing directors Christophe Gaul and Manuel Mouget, and provides a specialist corporate and trust services to a diverse client base of private equity and real estate firms, institutional clients and high-net-worth-individuals.

Mr Gaul said: ‘We are proud of the success we have achieved as Headstart S.à r.l, and, in order to build on this, it is important that we align ourselves with the Estera brand and values. This exciting step marks the beginning of a new chapter for our team and our clients, who will benefit from an even greater choice of service and jurisdictions as part of a global group.’

Farah Ballands, chief executive officer of Estera, said: ‘We are delighted to welcome Christophe, Manuel and the Luxembourg team to the Estera group. Building a presence in Luxembourg, one of the world’s most important jurisdictions for funds and corporate services, allows us to broaden our existing service and jurisdictional offering and increase the choice we offer to clients.’

Estera has a multi-jurisdictional presence in 11 locations.