Welcome to CACEIS Bank, Luxembourg Branch!

The Luxembourg Alternative Administrators Association (L3A) is pleased to welcome CACEIS Bank, Luxembourg Branch as a new Full Member.

Read this short interview of Philippe Bourgues,

Managing Director.

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1° Can you outline the history and activity of your company in a few words?

Through partnership and acquisition, CACEIS has become a leading European asset servicing player since our inception in 2005, with AuC of €5.3tn and AuA of €3.4tn across traditional and alternative products. The group offers a full range of services via its 7,000+ staff in 17 countries, mainly in Europe but also in Malaysia, Canada and Latin America. And with 2000 staff in Luxembourg, we are one of the Grand Duchy’s biggest employers.   

2° You have recently decided to join L3A - what are the key reasons behind this?

The alternatives industry is rapidly evolving and we are keen to be part of an organisation that aims to enhance the level of coordination between service providers to ensure Luxembourg remains the favored jurisdiction in Europe for Private Asset funds. Mutual sharing of knowledge is the key reason for joining L3A but we believe the networking opportunities will also be of major benefit to our staff and our business.

3° What do you believe you can offer to L3A and the alternative administrator provider ecosystem?

Our Private Assets division in Luxembourg counts over 250 qualified staff, and as the country’s premier Depositary for Private Assets we are keen to share our experience and make a significant contribution to promoting and enhancing Luxembourg’s reputation as a sustainable servicing hub that fully embraces the benefits of technology innovation. Furthermore, our position as a leading European depositary for the mainstream market gives us a good overview of trends in the hybrid products space.