Waystone, a global provider of governance, compliance and regulatory support services to the asset management industry, is set to increase its assets under management in Luxembourg by approximately 15% following its agreement to acquire Bil Manage Invest from Banque Internationale à Luxembourg (Bil) Group, announced the firm on 7 May 2025. The acquisition remains subject to regulatory approval.

Waystone stated that the acquisition of Bil Manage Invest, a Luxembourg-based management company, would significantly enhance its market position and capabilities across continental Europe. The transaction aligned with Waystone’s long-term strategic objective of becoming the leading provider of third-party manco, alternative administration and corporate services in Luxembourg. It would build on the firm’s existing position as the fastest growing third-party manco in Luxembourg, the largest third-party manco in Ireland and the leading authorised corporate director in the UK by AUM.

As part of the acquisition, Waystone confirmed that it would integrate 26 new staff members into its Luxembourg team. The firm indicated that this expansion would strengthen its operational presence and support service delivery across the region.

Sanjiv Sawhney, group CEO at Waystone, stated that the acquisition represented “a significant step forward” in the company’s growth strategy. He said the integration would allow Waystone to enhance its service offering by combining expertise, resources and networks, further supporting global client needs.

Denis Harty, country head for continental Europe at Waystone, observed that Luxembourg remained “a pivotal” part of the firm’s regional strategy. He asserted that the acquisition would accelerate Waystone’s ability to support clients in a market described as “globally significant and rapidly evolving.” Harty also said that Bil Manage Invest’s local insight and operational strength would add value to clients and employees alike.