VFS was established in 1998 by Raymond Joubaud, former General Manager of Lombard Odier (Gibraltar) Limited and founding member of The Gibraltar Funds & Investment Association.
The company was set up at the request of a few Swiss managers who needed help establishing their investment firms in Gibraltar. Our Investment Management support infrastructure was built to service these initial clients and was tailor-made to suit their operational requirements. Since then, VFS have helped numerous managers and family offices set up their investment operations in Gibraltar.
In 2006, funds legislation was introduced in Gibraltar and VFS took the opportunity to diversify into this new industry. VFS obtained a fund administration licence and has been servicing funds ever since. Armed with portfolio management and fund administration functionality, obtaining an Alternative Investment Fund Managers licence in 2015 was a natural progression for VFS.
Over its lifetime, the company has evolved its multi-service offering, fuelled mainly by our drive to fulfil client requirements to the best of our abilities. Whenever possible, we will accommodate and if we cannot, we will go the extra length to find another solution for our clients - this is the nature of our company.
With our numerous services and personlised approach, VFS truly caters for the small manager or family office wishing to fully benefit from the advantages of a small but well established, low tax jurisdiction like Gibraltar.
Our Team
Raymond Joubaud (MBA) is the Founder and Chairman of VFS. He began his career in IT within the financial industry, but later moved to the business side whilst working for Lombard Odier & Cie in Geneva. In 1995 Mr. Joubaud was appointed CEO of Lombard Odier (Gibraltar) and served in this role for three years until he left to start up VFS. Throughout his long career, Mr Joubaud has gained a wealth of financial knowledge which has allowed him to successfully develop his business and also make important contributions to the growth of the financial services industry in Gibraltar. He has been a founding member of the Gibraltar Funds & Investment Association (“GFIA”) and board member of the Gibraltar Investor Compensation Scheme since its inception. He currently acts as Chairman of the VFS Board.
Read moreJoanne Sene is the Chief Executive Officer of VFS and also head of the risk & compliance team. She is responsible for business strategy, managing operations/resources and regulatory infrastructure. Joanne joined VFS in 2003 after having worked in London for six years in the equities and fixed income desks of large institutional asset management firms. In Gibraltar, she extended her experience to the private client industry, managing discretionary accounts, supervising operations and setting up funds. Joanne is also a director of several Experienced Investor Funds in Gibraltar and is actively involved in business initiatives within the local financial industry. She is an executive member of the Gibraltar Funds & Investment Association ("GFIA") where she heads up the Investment Managers sub-committee.
Read moreAlexandra Assal is the Chief Investment Officer and head of the investment team at VFS. Her main focus is managing client relationships and their portfolios, as well as supervising trading operations and cash
management. Alexandra began her career in 2005 at Jyske Bank Gibraltar, working in the portfolio management department and later moving to the trading desk. In 2009, Ms Assal joined VFS where she was
able to apply her investment knowledge to manage private client portfolios and funds with different investment objectives. Ms Assal is authorised by the Gibraltar Financial Services Commission as an
Experienced Investor Fund Director and sits on the board of a number of funds.
Alessandro Petri is the Chief Financial Officer of VFS and head of the accounting team. He has extensive experience in accountancy, primarily in the financial sector and specifically with investments and funds. Mr Petri is responsible for all financial matters in VFS and supervises the fund administration business. In 2002, he joined VFS after nine years as managing director for a fund administration firm in Gibraltar. He has also served as director and manager for a number of authorised investment firms and funds in the past.
Read moreAlison Guilliano is the Compliance Manager and MLRO of VFS. She is responsible for ensuring that VFS complies with its regulatory obligations and supervises all KYC and AML procedures. Alison worked as a senior company administrator from 1994 to 2006 for BDO Fidecs Management Limited where she gained invaluable experience in company management and trust structures. In 2006 she joined VFS and was instrumental in setting up the compliance function in order to bring the firm in line with its regulatory requirements.
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