CACEIS opens new London branch 07 July 2015London Reporter: Stephen Durham
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CACEIS Bank Luxembourg—London Branch has received regulatory approval to provide depositary services to alternative investment funds.
This will enable the CACEIS group to provide a full range of depositary and custody services to alternative investment fund managers operating in the UK market.
According to the CEO of the London Branch, Clara Dunne: “We focus on assisting UK-based alternative clients in meeting the Alternative Investment Fund Managers Directive’s local depositary requirements, and are now in a position to offer our full range of fund administration and middle-office services to those clients.”
“From here, we will build a fully-fledged asset servicing solution for our international fund manager clients with UK-domiciled mutual funds.”
CACEIS has a long history of servicing UK clients, and with this approval, will be able to directly support these clients in their home market.
François Marion, CEO of CACEIS, added: “Our London Branch adds to the group’s already extensive depositary network in Europe. We are in a strong position to provide depositary, custody and fund administration services to the UK’s alternative investment sector, in Europe’s premier alternative investment fund domicile.”
“With our extensive alternative investment fund experience, we aim to become a key service provider for the UK alternative investment community.”
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