Specialized banking and fiduciary services in Luxembourg
FundBank (Europe) S.A. specializes in innovative propositions in the alternative investment funds space. In addition to taking deposits and providing credit solutions to its clients, FundBank (Europe) S.A. acts on a fiduciary basis for its clients, thereby ensuring that client funds are secured and available, even during market volatility. FundBank (Europe) S.A. will deploy state of the art technology, using AI tools, for the onboarding process and provide a swift, non-invasive and regulatory compliant experience to its clients.
All FundBank (Europe) S.A. staff will be based in Luxembourg and comprise highly skilled professionals from the Luxembourg banking and investment funds industry.
Leadership insights on FundBank’s growth and market expansion into Luxembourg
Colm O’Driscoll, Vice Chairman of FundBank (Europe) S.A. commented, “As the asset management industry rapidly evolves, so must its banking solutions. We identified a demand from asset managers for a robust and fully dedicated banking partner, delivering banking solutions focused on the unique needs of asset management clients. Expanding into the Luxembourg market has been a continued request from our clients, and we are pleased to have made this a reality for them. As part of our commitment to our clients and the industry, we look forward to further announcements in relation to our technology, products, services, and geographical reach.”
Steve David, Chief Executive Officer at FundBank (Europe) S.A. declared, “We identified a demand from European fund managers and fund administrators for a banking partner that could deliver seamless onboarding and banking solutions that are focused on the unique needs of asset managers. By securing this authorisation and expanding into the European market, FundBank (Europe) S.A. is able to contribute to the successful development of the alternative investment funds industry in Luxembourg by providing creative banking solutions and pioneering groundbreaking techniques, tailored to its clients.”
About FundBank Group
FundBank Group is a leading, institutional bank group with presences in the United States, the Cayman Islands and Luxembourg, serving the global asset management industry. Our team of industry experts, powered by innovative technology, deliver expert institutional banking solutions to help asset management businesses thrive and grow.
1FundBank (Europe) S.A. will be operating under the denomination “FB Tech S.A.” until the commencement of its operations as a Luxembourg credit institution.