Offering you simplicity
One of the requisites for us to provide Management Company services is the appointment of CACEIS as Central Administration, Depositary Bank and Transfer Agent for the simple and evident reason that it allows us to perform our controls in the best way.
To that purpose, Luxcellence proposes, in collaboration with CACEIS, a greatly appreciated one stop-shop-solution for clients wishing to implement their funds within the CACEIS Group.
Benefits for you :
- Simplicity
- Management Company, Central Administration, Depositary Bank and Transfer Agent being part of the same group : for faster project coordination between all your service providers & shorter time-to-market for the fund
- Contact persons being part of the same Group : meaning easier exchange of information and quick turnaround in implementing processes and in resolving issues
- Clear understanding of the overall cost applied
- In case of need, Luxcellence’s AIFM license can potentially be extended to other asset classes subject to the CSSF’s approval.
Benefits for us :
- Close monitoring of the activities delegated to CACEIS in compliance with the UCITS V Directive and more recently the CSSF Circular 18/698 both stating that the Management Company, the Fund Administrator and the Depositary Bank must collaborate closely together.
- Quick access to the flow of information
While maintaining our independence…
Although being part of CACEIS Group, Luxcellence remains a fully independent company with, in particular, a separated functional and governance framework from CACEIS.
This independency is also reflected through :
- Continuous independent controls & initial, on-going and frequent due diligences
- Implementation of a Conflict of interest policy
- Independent Compliance & Risk Management functions