European Fund Administration

NovitasFTCL advised European Fund Administration on its strategic partnership with Standard Chartered Bank

Overview

European Fund Administration (“EFA”) has signed a strategic co-operation agreement with Standard Chartered Bank to deliver fund administration, transfer agency and a full suite of related services to clients wishing to create and operate Luxembourg funds.

Significance

Standard Chartered has recently opened a depositary bank branch in Luxembourg in response to increasing client demand for the Bank’s support of Luxembourg domiciled structures across its footprint markets of Asia, Africa and the Middle East.

The strategic partnership with EFA enables Standard Chartered to offer a complete range of Investor Services, while providing a unique platform to fund managers in the world’s second largest investment fund centre and key domicile for cross-border distribution.

Our Role

Appointed exclusively to assist EFA in its growth strategy and, specifically, to identify business partners with whom to access new markets and sources of growth, for its fund administration business.

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