Credit Suisse wins custody services mandate for Hines
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Credit Suisse wins custody services mandate for Hines 25 February 2019Luxembourg Reporter: Jenna Lomax
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Credit Suisse Luxembourg has been appointed by Hines, a global real estate investment firm, to
service a range of locally domiciled real estate investment funds (AIFs).
The mandate includes Alternative Investment Fund Management Directive-compliant asset custody and depositary services, alongside banking and reporting services.
The services will be facilitated for Hines’ Pan-European Core Fund, which exceeds €1.3 billion.
Margaret Fitzgerald, managing director at Hines, said: “After a thorough selection and due diligence process, we have decided to team up with Credit Suisse, as they bring compelling value to the table. Beyond robust operations and hands-on client service, they go the extra mile to contribute to our funds’ success.”
Jean-Daniel Zandona, lead client coverage for corporates and institutional asset managers for the region at Credit Suisse’s, commented: “Partnering with fund managers of the calibre of Hines further rewards our continuous efforts to develop and deliver meaningful services to alternative funds managers, throughout the fund lifecycle.”
He added: “We are honoured to support Hines in the superior execution and investor experience they stand for.”
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