Aztec Group has made four senior appointments in its Luxembourg office. Philippe Detournay has been appointed as director in the private equity business, while Waqas Khan and Gianmaria Lombardo have been appointed as associate directors. Detournay joins from Luxembourg-based Axior, where he was an advisor and non-executive director. Prior to this, he spent 13 years as a managing director of Lone Star Funds, overseeing the operation of several European real estate and private equity fund structures across Europe. Waqas Khan joins following tenures with KPMG and PwC in Luxembourg, where he led teams responsible for the provision of audit services to a portfolio of private equity managers. Lombardo joins from GWM Group, where he was chief financial officer for over four years. Private debt specialist Fabrice Badouraly joins from PwC in Luxembourg, where he spent 11 years working in audit, specialising in large multinationals, private equity and private debt.