The US-based financial services consulting firm is expanding its consulting services to firms that reach across both sides of the Atlantic, with a new European presence.

Virgina-headquartered Oyster Consulting has opened an office in Luxembourg to liaise between US, Caribbean and European-domiciled firms.

Oyster Consulting (Europe)'s offering will include fund and corporate governance, service provider selection, offshore advisory services and international fund/compliance analysis. The Luxembourg-based team will collaborate with the firm's US and Bermuda consultants when serving clients.

The new office, which will be Oyster's 16th, will be led by managing partner for Europe, Allen Foley, who brings financial services experience in both Luxembourg and Bermuda.

“Our firm has responded to our clients' needs for high-quality consultants in Europe. The opening of this office is in line with the future broadening and evolution of the compliance function in the global financial services industry,” Foley said.