Inversis expects to quadruple business in Luxembourg

• Inversis recently held the official inauguration of its new Luxembourg branch, which began operations on 31 May with an initial business portfolio worth around €3 billion.

• The Luxembourg branch will play a key role in Inversis’ global strategy, allowing it to expand the range of services provided to institutional clients through its Spanish offices out of Luxembourg, and acting as a business hub for its international clients.

• Inversis’ services as a custodian bank, combined with its fund distribution platform and the services provided by Luxembourg group Adepa (in which Inversis holds a 40% stake) have positioned it as the only Spanish firm to offer a 360º solution for asset managers looking to develop their product range out of Luxembourg.

• The firm’s global growth strategy has been further reinforced after Euroclear, a leading global provider of Financial Market Infrastructure (FMI) services, took a stake in Inversis in July this year to accelerate its global expansion.

Madrid, 20 September 2024. Inversis, a Banca March subsidiary delivering end-to-end financial asset distribution solutions for other financial institutions, expects to quadruple its current business in Luxembourg by 2028, CEO Alberto del Cid confirmed at the official inauguration of its new Luxembourg branch. The event, held on 18 September, was attended by local authorities as well as representatives of various public bodies and private sector organisations from Luxembourg’s financial community.

Inversis began operations in Luxembourg on 31 May after taking over the institutional depository and custodian business of Banque Havilland, acquiring a portfolio of approximately €3 billion.

The inauguration of the Luxembourg branch is a key milestone in Inversis’ global strategy. The acquisition of Banque Havilland’s institutional depository and custodian business, coupled with the investment vehicle management services provided by Luxembourg-based group Adepa – in which Inversis holds a 40% stake – have positioned Inversis as the only Spanish firm with a footprint in Luxembourg offering 360^o capabilities to support Spanish and Latin American clients in rolling out their global product strategies from this key global financial hub.

Inversis offers its clients an end-to-end value proposition, which includes investment vehicle management and administration services through its partnership with – and stake in – Adepa, depositary and custodian services delivered out of its Luxembourg branch, and its own fund distribution platform, allowing its Luxembourg-based clients to make their products available to Inversis’ entire institutional client base.

In July this year, Euroclear, a leading global provider of Financial Market Infrastructure (FMI) services, took a stake in Inversis to accelerate its global growth, a crucial milestone in Inversis’ global expansion strategy. The investment by Euroclear will allow for stronger investments in technology and other areas at Inversis than was initially forecast before the transaction, as well as stepping up investment in human resources. The agreement, subject to regulatory approval, will see Euroclear take an initial 49% stake in Inversis, with plans to subsequently increase its stake to 100% within a period of around three years.

Inversis CEO Alberto del Cid said: “The inauguration of a Luxembourg branch is a major milestone in Inversis’ global expansion strategy. We offer a truly comprehensive value proposition, combining fund management and administration with custodian bank services. Our fund distribution platform will also be further enhanced with the new products for which management, administration and custodian services will be provided out of Luxembourg, all of which will be available to our full institutional client base. The Luxembourg branch will play a key role in Inversis’ global expansion strategy, allowing it to expand the range of services currently provided to its institutional clients by its Spanish offices out of Luxembourg, and acting as a business hub for global clients, adding in new business lines to match the services delivered by Inversis in Spain.”

About Inversis

Inversis, a wholly owned subsidiary of Banca March, is Spain’s leading provider of global investment technology solutions and outsourced financial services for financial institutions, insurance companies and new players in the investment product distribution space. Banca March has the highest CET 1 capital ratio in Spain (21.26% at December 2023) and one of the highest liquidity ratios in the sector (LCR at 325.9%). Since its inception, Inversis has invested consistently in technology and innovation to adapt seamlessly to the needs of the institutional sector. The technology delivered by Inversis allows it to provide services to the end customers of its institutional clients, allowing these clients to outsource non-core activities and processes, enhancing their own efficiency. Inversis offers one-stop-shop solutions for other financial institutions and new market players in the financial asset distribution sector. As well as covering all investment services (receiving, sending and executing orders, transaction settlement and custodian and administration services for financial instruments) across all financial assets (equities, fixed income, derivatives, etc.), these services are offered to financial institutions’ end customers, allowing Inversis’ clients to fully outsource these activities, as well as providing technology solutions both for financial institutions’ teams and for their end customers. Inversis also has its own fund distribution platform, Funds Globe, and offers specific solutions for fund managers (administration and custodian services). Thanks to these services and its distribution platform, Inversis delivers a truly comprehensive solution for the managers of investment funds and other vehicles.  www.inversis.es/en/

On the image (left to right): Alberto del Cid, CEO of Inversis; Luis Lada, President of Inversis; Yves Stein, President of ABBL (Association des Banques et Banquiers, Luxembourg); and Salvador Martín, Head of International & Corporate Development, Inversis.