Luxemburg-based global fund platform IFSAM (International Fund Services and Asset Management) has expanded its custody services for institutional clients.
The expansion means the fund platform has now insourced its custody activity which had previously been delegated to private bank Hauck & Aufhäuser.
With the additional custody services, IFSAM now covers the entire fund processing value chain, covering access to more than 125,000 investments funds in 40 jurisdictions via a network of over 900 depositories.
“The decision to insource the depository function was driven by our endeavour to constantly improve the quality and flexibility of our services not only for the front-office, but also for back-office services,” said Jean-Luc Lanners, managing director at IFSAM. “It underlines our confidence in our business model and our commitment to provide our customers and partners with the best possible service all along the fund operations value chain.”
IFSAM added that it can support its clients’ business activities in third-party funds, from research to execution through to custody services in mutual funds, exchange traded funds (ETFs), and hedge funds.