Crestbridge receives Luxembourg fund admin licence
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Crestbridge receives Luxembourg fund admin licence 03 December 2019London Reporter: Becky Bellamy
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Crestbridge has been granted a funds administration licence by the Luxembourg financial services regulator, the Commission de Surveillance du Secteur Financier (CSSF).
The new licence enables Crestbridge to provide a range of fund administration services from Luxembourg, adding to the management company solution already provided from the jurisdiction.
Crestbridge established its management company in Luxembourg in 2011 and was one of the first businesses to establish an alternative investment fund manager in early 2014.
Michael Johnson, group head of fund services at Crestbridge, said: “Luxembourg is a major hub for alternative asset fund structuring and, particularly with the changing political landscape, this new licence will be a strong addition to our proposition of providing services in key domiciles and enable us to provide a holistic, bespoke and flexible service to managers wanting EU investor access.”
Daniela Klasén-Martin, group head of management company services, managing director Luxembourg at Crestbridge, added: “Our new funds administration licence, a strategic decision supporting the demands of our existing multijurisdictional group clients, adds significantly to our existing proposition in Luxembourg, complementing our management company solution, which will continue to be independent and an open architecture platform.”
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