GenTwo picks EBD for banking services 09 November 2022Luxembourg Reporter: Lucy Carter
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Securitisation specialist GenTwo has selected Apex Group’s European Depositary Bank (EDB) to provide global paying agent and banking services to third-party investors.
Through the partnership, EBD will provide GenTwo clients with bank accounts and paying agency services for notes issued by Clearstream SA and Euroclear’s clearing systems. GenTwo will expand its global offerings by adding XS ISINs to its securitisation platform.
Allowing professional investors to invest in both bankable and previously non-bankable assets, Zurich-based GenTwo creates securitisation platforms for asset managers, banks, family officers and venture capital investors.
Cornelia Wallner, global head of capital markets sales at Apex Group, comments: “GenTwo continues to innovate, providing investors with access to new asset types and pioneering transformation in the market for alternative and digital investment products. We look forward to supporting GenTwo’s domestic and international clients with our banking and paying agency services as they continue to grow their global footprint.”
Philippe Naegeli, CEO and co-founder of GenTwo, says: “The partnership with EDB serves as an important next step and catalyst to excel our successful service offering ‘making all assets bankable’ on a global scale, expanding our ecosystem and the investment universe of our clients.”
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