HSBC Alternative Investments (HAIL) in Luxembourg has chosen American asset manager State Street to offer custody and administration services for its new loan fund.

Under the agreement, State Street will offer global custody and depositary, fund administration, alongside regulatory reporting services that comply with the European Market Infrastructure Regulation, Foreign Account Tax Compliance Act and Solvency II.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Commenting on the move, State Street country head for Luxembourg said: “Our ability to provide customised, bespoke service solutions for our clients positions us perfectly to support HAIL with its new and innovative diversified loan fund.

“There are 325 Reserved Alternative Investment Fund’s (RAIFs) registered in Luxembourg, and at State Street we service many of them. For us, this appointment underlines our ability to provide comprehensive, customised service models in support of these new and innovative alternative products coming to market.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.