Aztec Group has strengthened its real assets team in Luxembourg with the appointment of Michele Basilico and Walter Varvara as associate directors. Previously a director and conducting officer for Fuchs Asset Management, Basilico will lead several client relationship teams and have overall responsibility for a portfolio of real estate and infrastructure clients. Varvara, who joins Aztec’s depositary services team, was previously a vice president in the depositary team at BNY Mellon. He will assume responsibility for a portfolio of depositary relationships.