Novara Aquilone Sicav – a mutual fund sponsored by Banca Popolare di Novara S.p.A. (Gruppo Banco Popolare di Verona e Novara) – has appointed Dexia Fund Services in Luxembourg as custodian, fund administrator and transfer agent. First European Transfer Agent (FETA), a subsidiary of Dexia BIL, will provide the transfer agency services.
Dexia Fund Services and FETA are already servicing Gestielle Investment Sicav, sponsored by Banco Popolare di Verona e Novara (Luxembourg) S.A., which is the official distributor for the two Luxembourg-domiciled Sicavs. This latest appointment brings the value of assets under administration by Dexia for both Sicavs up to 765 million.
“We are delighted by the decision taken by the management of Novara Aquilone Sicav,” says Marc-André Bechet, Head of Business Development at Dexia Fund Services. “It is the result of the relationship of trust we have built over the past two years servicing Gruppo Banco Popolare di Verona e Novara and Gestielle Investment Sicav. Besides core custodian and fund administration services, DFS will be providing value-added services such as monitoring of investment restrictions and support of cross-border distribution”.