CACEIS NEWS 36

products and services

2 caceis news - No. 36 - January 2014

CACEIS leverages clients’ market opportunities in Europe’s Premier Investment Fund Centre

A s a large international group serving many regions worldwide, CACEIS has developed an extensive network of offices designed to serve its clientele with an enhanced level of proximity. Luxembourg is number one when it comes to cross-border distribution of funds managed mainly abroad by international investment companies. CACEIS in Luxembourg gives them its support to drive clients’ global fund business forward. They can also benefit from the whole range of services offered by the CACEIS Group. The Grand Duchy - international finance centre The domestic financial market in Luxem- bourg is small and would hardly register when compared to that of its neighbour- ing states of Germany, France and Belgium. However, it is Europe’s premier investment fund centre (and second global fund cen- tre after the US) and is the leading wealth management centre of the Eurozone. Today, Luxembourg is home to 147 banks from 26 countries, including the US, China and Japan as at December 2013. In terms of investment funds managed under Luxembourg law, the Grand Duchy accounts for some €2.6tr in assets and 3,890 funds as at end October 2013 which represent over a quarter of the European investment fund industry. Luxem- bourg’s also ranks in first place in terms of cross-border fund distribution. It accounts for nearly three quarters (72%) of the invest- ment funds sold internationally. The UCITS directive was the legislation that kick-started the Grand Duchy’s investment fund indus- try, and was confirmed with the launch of

Luxembourg may be small in terms of population and geographical surface area, however, on the world stage, this diminutive country is a financial powerhouse with a reputation for quality, stability and an internationally- focused investment fund industry.

the 4th and the forthcoming 5th iteration of the Directive. CACEIS and Luxembourg – Centres of Excellence CACEIS’s services in Luxembourg respond to the increasingly international character of the fund industry and its clients’ busi- ness. Historically, CACEIS in Luxembourg has provided custody, depositary and fund administration services but the Group has over the years elected to develop a number of its many product and operational centres ▷ Private Equity and Real Estate Servicing, ▷ UCITS Management Company services, ▷ Fund Distribution Services, ▷ OTCDerivatives and Structured Products ■ of excellence in the country: ▷ Dealing room activities,

“The outlook for the Grand Duchy of Luxembourg and CACEIS itself is positive, with the global fund industry regaining much of the confidence and assets it lost during the crisis. All clients benefit from the solid foundation and recognised expertise of CACEIS in Luxembourg”.

Pierre CIMINO, Managing Director of CACEIS Bank Luxembourg and Responsible for Entities in Belgium, the Netherlands, Italy and Hong Kong.

CACEIS has recently seen a major step forward in the evolution of its business, as Banque Privée Edmond de Rothschild Europe in Luxembourg announced that it has chosen to enter into exclusive negotiations for a final agreement to transfer a complete branch of business (custody, fund administration and transfer agent activities) as well as the related staff to the Luxembourg entity.

© iStock

UCITS MANAGEMENT COMPANY SERVICES

PRIVATE EQUITY AND REAL ESTATE servicing

DEALING ROOM ACTIVITIES

CACEIS’s dealing room, which has a strong reputation in the market, is based in Luxembourg and carries out securities lending, forex, collateral management and treasury activities for clients throughout the global CACEIS network. With a bespoke service design, the team enables clients to respond to ongoing market challenges while enhancing investment performance and ensuring operational efficiency with fully integrated servicing components.

CACEIS in Luxembourg administers private equity and real estate business thanks to a dedicated team with a specialised knowledge and experience. The team has a clear understanding of the specific servicing needs of these non-traditional investments. CACEIS ranks among the premier global service providers for these products, creating bespoke servicing solutions for clients, ranging from small boutique operations to some of the world’s largest financial institutions.

CACEIS has developed the Luxcellence Management Company to cater to the many funds that are domiciled and distributed out of Luxembourg under UCITS. Luxcellence is a UCITS IV-compliant, plug-and-play solution for institutional clients seeking substance and compliance services for funds. It provides capital adequacy requirements assistance, regulatory report drafting and filing, an independent local infrastructure, compliance support and comprehensive risk management.

Marie-Victoire Menez , Managing Director, Luxcellence Management Company

Gilles Normand, Group Treasurer, CACEIS

Pascal Hernalsteen, Head of Private Equity and Real Estate Servicing, CACEIS

“Through a consultative approach, our dedicated dealing desk team develop creative ways to help delivering on strategic objectives, preserving capital and achieving optimal risk-adjusted returns. Our services are

“Private equity & real estate is an expert market where the right skills, experience and resources are vital to succeed. By combining customised solutions for a broad spectrum of private equity, real estate, infrastructure and debt

“Luxcellence services are designed to suit many different client needs, froma stand- alone riskmanagement solution to a fully-fledged

management company offering. Luxcellence has developed expertise and a complete range of services adaptable to different management profiles, leveraging the experience it has acquired from international managers in conventional and alternative vehicles. With Luxcellence, clients enjoy the benefit of economies of scale and customisable solutions that are immediately operational.“

designed to incorporate a high level of flexibility. The emphasis we put on gaining a thorough understanding of the business practices ensure that our solutions are a perfect fit in unique and changing requirements.”

structures and strategies, with assistance from the initial fund set-up to its daily administrative needs, we give managers the confidence to create new products, thereby adding real value to their business.“

Made with FlippingBook Annual report