REYL & Cie, a privately owned investment manager based in Geneva, has obtained a category-4a license from the Malta Financial Services Authority to set up a new subsidiary in Malta.
The new unit, which precedes the launch of the firm’s Asset Services business line, will complement REYL Group’s current business lines, namely wealth management, private office, corporate advisory & structuring and asset management.
The subsidiary will supplement REYL Group’s offerings in Geneva, Luxembourg and Zurich thereby bolstering the firm’s international presence beyond its seven existing locations in Europe and Asia.
The new office will deal with custody activities for funds and will add to the existing offering that includes investment strategy consulting, along with a full line-up of fund custody, trading, set-up and governance services.
REYL Group head of asset services and chief strategist François Savary said: "We had already considered establishing a presence in Malta before the official launch of our Asset Services business line in order to offer our institutional clients modern and cost-effective fund custody, governance and set-up solutions.
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By GlobalData"We can also count on an integrated team of professionals based in our offices in Malta, Luxembourg and Geneva who have extensive experience in the legal and operational aspects of investment vehicles. We are confident this new location will offer real value-added services to our fund administrator, promoter and manager clients."