Nolen

What Nolen does

Nolen, Winkler, and Partners (NoW Partners) is an independent consulting firm founded in 2020 by Frédérique Winkler and Eric Nolen and headquartered in Hesperange, Luxembourg. The firm provides Governance, Risk Management, and Compliance (GRC) advisory services to regulated entities in the financial sector, specifically banks, investment fund managers, and investment funds, with operations across Luxembourg, France (Paris), and the United Kingdom (London). Its service portfolio is organized into eight practice areas — Management Consulting, Compliance, Governance, AML/CTF, Risk Management, Reporting, Corporate Services, and Outsourcing (Conducting Officer, Compliance Officer, RC, and Independent Director mandates) — supplemented by NoW Academy, an authorized training entity offering courses in ESG, AML, GDPR, DAC 6, and related regulatory topics.

The firm's underlying technology is the expertise of its senior bench: Managing Partners and Senior Advisors carry 18-35 years of experience from institutions including MUFG, RBS, UBS, HSBC, Deutsche Bank, Barclays, JP Morgan, Coutts, Northern Trust, Goldman Sachs, and PwC, and several hold regulator-recognized mandates. The firm holds Autorisation Ministérielle N° 10112219 in France for its training entity. A mutual referral partnership with sister company NoW Corporate Solutions extends the offering into corporate administration, domiciliation, accounting, payroll, and tax services.

Commercially, NoW Partners runs an enterprise field-sales motion targeting regulated financial-sector buyers through direct consulting engagements. Revenue derives from professional services fees on a quote-based, B2B engagement model; pricing is not publicly disclosed and there is no software or product subscription component. The GTM channels are limited to LinkedIn, a regulatory newsletter, and website contact forms, with no public funding rounds, no revenue disclosure, and no parent company or external institutional investor evidenced in the available data.

Name

Nolen

Legal name

Nolen, Winkler and Partners (NoW Partners) Sàrl

Website

https://nowpartners.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Nolen, Winkler, and Partners (NoW Partners) is an independent Luxembourg-based GRC consulting firm founded in 2020, serving banks, investment fund managers, and investment funds across Luxembourg, France, and the UK via senior advisory engagements and an authorized training academy.

Ownership category

akta.pro rank

Product category

Governance, Risk and Compliance (GRC) Consulting

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPAHAFAO

Compliance Technology, GRC Platforms & Controls Automation Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Risk, Compliance & Governance Advisory

SECONDARYFSACAJAK

Regulatory Change, Governance & Compliance Management (GRC)

Financial & Insurance/Capital Markets & Securities/Capital Markets Compliance, Surveillance & Risk

Keywords

• Governance risk compliance consulting
• Regulatory advisory services
• AML compliance consulting
• Financial sector compliance
• Luxembourg fund compliance

Headquarters

HQ city

Hesperange

HQ country

Luxembourg

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Consulting Services: Professional consulting engagements for Governance, Risk Management, Compliance, AML/CTF, Corporate Services, Reporting, and Training services for financial sector clients

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

NoW Partners is an independent consulting firm providing Governance, Risk Management, and Compliance (GRC) advisory services to regulated entities of the financial sector, including banks, investment fund managers, and investment funds. Services span eight sub-specialties — Governance, Compliance, AML/CTF, Risk Management, Reporting, Corporate Services, Outsourcing, and Training (NoW Academy) — delivered through tailored engagements, interim mandates, and remediation projects across Luxembourg, France, and the UK.

Product overview

NoW Partners (Nolen, Winkler, and Partners) is an independent consulting firm offering a unified suite of professional services rather than a software product platform. The company provides eight interconnected service offerings: Management Consulting, Compliance Services, Governance Services, AML/FTC Services, Risk Management Services, Reporting Services, Corporate Services, and Outsourcing Services, all complemented by NoW Academy for authorized training. Founded in 2020 by Frédérique Winkler and Eric Nolen and headquartered in Luxembourg, the firm specializes in assisting financial sector professionals with regulatory compliance, governance, and risk management matters.

Differentiator

Problem solved

Functional benefit

Products and services

• Management Consulting
• Compliance Services
• Governance Services
• AML/CTF Services
• Risk Management Services
• Reporting Services
• Corporate Services
• Outsourcing Services
• NoW Academy (Training)

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NoW Corporate SolutionscoreStrategic or Co-development PartnerSister company specialized in Corporate Services, Domiciliation, Accounting, Payroll, Tax & VAT. NoW Partners refers clients needing these services while NoW Corporate Solutions handles corporate administration functions.

Scale indicators2 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Waystone: Global provider of fund governance, regulatory and compliance services including independent director, MLRO and conducting officer mandates; competes for the same outsourced governance/compliance officer mandates as NoW Partners' Outsourcing service line.
• Alliance Governance: Boutique specialising in independent director mandates and governance services for Luxembourg investment funds — directly competes with NoW's Outsourcing/Independent Director offerings and serves a nearly identical fund-manager client base.
• Carne Group: Independent fund governance and corporate services specialist offering Conducting Officer, Compliance Officer and Independent Director services across Luxembourg, Ireland and London; most direct head-to-head competitor for NoW's Outsourcing/interim mandates.
• Arendt & Medernach: Luxembourg's largest business law firm, with deep GRC, regulatory, AML and fund governance practices serving the same universe of banks, investment fund managers and investment funds headquartered in Luxembourg. Most direct peer given client overlap and Luxembourg dominance.
• ATOZ (Tax & Advisory): Luxembourg-based tax, advisory and regulatory services firm serving investment funds, banks and corporates. Directly comparable GRC-adjacent offerings aimed at the same Luxembourg CSSF-regulated client base.

Emerging players

• Alter Domus: Luxembourg-headquartered fund administration and depositary services group that has expanded into corporate, governance and compliance services for investment funds — emerging competitor for the Corporate Services and Governance offerings, though core business differs.

Broad incumbents

• PwC Luxembourg: Big-4 Luxembourg practice with sizeable Governance, Risk and Compliance and Regulatory advisory teams serving banks and investment funds. Competes for the same GRC mandates from a much broader multi-service platform.
• Deloitte Luxembourg: Big-4 firm with established Risk, Regulatory and Compliance advisory practice in Luxembourg covering AML, MiFID II, AIFMD and ESG — comparable GRC service portfolio but broader portfolio beyond NoW's specialist focus.
• EY Luxembourg: Big-4 with a sizable Financial Services Office in Luxembourg covering regulatory compliance, risk management and reporting; a broad incumbent overlapping with NoW's GRC service lines.
• KPMG Luxembourg: Big-4 with a significant financial services consulting practice in Luxembourg (GRC, regulatory reporting, AML); competes for similar mandates while offering full audit/tax breadth NoW does not.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/now-partners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nolen