CSC adds two industry leaders in Luxembourg; Secure fund administration and custodian licenses for additional services
WILMINGTON, Del .– (COMMERCIAL THREAD) – CSC, the world’s leading provider of commercial, legal, tax and digital branding services, has significantly expanded its operations in Luxembourg by securing new fund administration and custodian licenses and adding two experienced executives to the help direct its growth in the market. This further expands CSC’s European fund administration and custodian offerings.
With these key recruitments, clients will benefit from the addition of more than 30 years of industry expertise combined with CSC’s long-standing service offerings, including a range of alternative investments, capital markets and business solutions. business. In addition, these new licenses will open up new essential services to clients in Luxembourg, another key European financial center in CSC’s growing footprint.
Veteran talent, local expertise
Pierre Mifsud joins CSC Global Financial Markets (GFM) as Managing Director of Custodian Services, while Yves Cheret joins as Managing Director of Fund Administration for CSC GFM. Both will work with Laurent Bélik, Managing Director of Capital Markets Europe, who is responsible for general management, including finance and operations in Luxembourg.
“Pierre and Yves will bring considerable added value to our clients,” said Bélik. “Because CSC is privately held, we can invest additional time and effort to build long-term relationships with our clients and focus on the complexities of their unique needs and markets. We take the same approach with our employees, which has enabled us to develop and retain the best talent in the industry to provide clients with the knowledge base, stability and world-class service that CSC is known for, both locally and globally.
Mifsud comes to CSC with over 15 years of experience in the hedge fund industry, with a focus on private equity, real estate, venture capital, infrastructure and debt funds. Mifsud previously held management positions at Edmond de Rothschild (Europe) SA, Citco Bank Nederland NV Luxembourg Branch and Quintet Luxembourg.
“The number of funds domiciled in Luxembourg exceeds all other European markets, so the ability to provide custodian services for alternative assets allows CSC to offer greater flexibility to clients, whether based here or elsewhere.” , Mifsud said.
Cheret, meanwhile, has held senior positions in the alternative investment fund industry in Luxembourg for companies such as Alter Domus, Arendt Services and Ocorian. He is fluent in five languages and is a certified public accountant.
“I look forward to working with Laurent and Pierre and the rest of our talented and multilingual team in Luxembourg to help our clients navigate the increasingly complex environment they face,” said Cheret. “Whether they need fund administration or depository services or both, CSC’s centralized team provides clients with global reach and unmatched quality of service committed to supporting their business.
CSC is a leading provider of specialized administration services to alternative asset managers across a range of fund strategies, participants in public and private market capital markets, and companies requiring fiduciary support and governance. We are the unwavering partner of 90% of the Fortune 500®, nearly 10,000 law firms and over 3,000 financial institutions. CSC’s global financial markets professionals are located in key financial centers in the United States, Europe and Asia-Pacific. We are a global company capable of transacting wherever our customers are, and we do this by deploying experts in every business we serve. For more information on CSC services, visit cscgfm.com.