Ipes (Luxembourg), provider of outsourced services to Private Equity in Europe, has been granted a Depositary licence by the Commission de Surveillance du Secteur Financier (CSSF). This authorisation, effective 18 July 2018, enables Ipes (Luxembourg) to provide full Depositary services.
Ipes chief executive Chris Merry said, “The extension of our Depositary offering to Luxembourg was a natural progression for us, enabling us to provide our clients with the widest possible scope of services.”
The new Depositary offering in Luxembourg will complement Ipes’ established Depositary services in London.
“We have strong interest in our Depositary services in Luxembourg and we are delighted we can now move forward. With Brexit approaching Luxembourg now offers our clients a European solution,” Chris Merry concludes.
Ipes Luxembourg has 20 staff and is expected to grow significantly in the next 12 months.