Standish launches depositary services in Luxembourg
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Standish launches depositary services in Luxembourg 02 February 2023Luxembourg Reporter: Lyndsey Young
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Standish Management, provider of fund administration services to alternative capital funds, has launched depositary services through its Luxembourg subsidiary Standish Management (Luxembourg) S.a.r.l.
Standish made its depositary services operational after receiving authorisation from the Commission de Surveillance du Secteur Financier (CSSF), which oversees Luxembourg’s financial sector.
The addition of depositary services to Standish’s fund administration and corporate offering enables the firm to service clients across all Luxembourg regulatory and administration requirements.
Bob Raynard, CEO of Standish, says: “The ability to provide our clients a one-stop solution in Luxembourg has been a focus of ours for some time and we are thrilled to have received authorisation from the CSSF to offer depositary services. These services are required by EU law and will enable our Luxembourg clients to efficiently market their funds in Europe.”
Mark Coppin, regional director at Standish Management, adds: “We are delighted to offer our clients this valued service line, providing a high-quality solution and giving the market increased choice of service providers. We are now authorised for depositary services in both the UK and Luxembourg and able to meet all our clients’ depositary needs.”
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