As a universal bank, Banque Internationale à Luxembourg (BIL) offers its clients access to a full range of products and services in the alternative investments funds sector. “We integrate seamlessly into the processes and operating models of our clients, so that they can focus on their objectives and core competences, which is usually asset management,” said Oliver Benner, Head of Strategic Development BIL Asset Services.
Partnership that goes beyond a simple contact person
Central to this is a single point of contact in an organisation with low levels of staff turnover. This means that each client works with an experienced, multilingual relationship manager who is on hand to offer continuous guidance throughout the lifecycle of the fund. This close relationship is key to ensuring that the day-to-day activities of each fund are handled smoothly.
“We offer a boutique approach, which enables us to focus on providing clients with bespoke solutions and long-term partnerships they are seeking. Clients benefit from BIL being a bank that is deeply rooted in the Luxembourg fund ecosystem, and with decisions being taken locally. This gives us to the ability to find personalised solutions quickly and efficiently,” explained Mr Bösken.
Our ambition is to continue growing the business; expanding it with clients which value our tailored boutique approach.
Value-added services and products
The core of BIL Asset Services is its AIFM and depositary services, with central administration services offered by selected preferred partners. To these core fund services the team adds services and solutions offered by BIL, such as bridge financing, global custody, treasury management, wealth management, and more. “The combination of these services is a unique strength of the BIL Group and provides a competitive edge, creating true added value for our clients. To successfully implement this strategy we are able to leverage the high level of expertise provided by our colleagues and a vast network of internal experts,” said Mr Bösken.
A dedicated team of specialists
A multilingual team of fund specialists work to ensure clients achieve their goals. “We take pride in having such experienced and talented colleagues within BIL, with each committed to achieving excellence. Even in Luxembourg’s very active job market we at BIL Asset Services experience a very low rate of staff turnover. This is highly beneficial for our clients as they can be sure they will be able to build and sustain relationships with the same people,” said Mr Benner.
We offer a boutique approach, which enables us to focus on providing clients with bespoke solutions
Expertise in alternative investments
For more than ten years, BIL Asset Services has been focusing on alternative investments such as private equity, real estate, private debt and fund of funds. This service focuses on catering for mid-range asset managers, pension funds and family offices. “Our ambition is to continue growing the business; expanding it with a selected range of clients which particularly value our tailored boutique approach. This ensures a high level of flexibility for their individual business needs,” said Mr Benner.
Since it was founded, BIL Asset Services has been operating somewhat under the radar in Luxembourg and has not been actively promoting these services to the market. “We see that the trend of consolidation among fund industry service providers is continuing, and against this background, we are finding that our tailor-made service offering is increasingly in demand by fund initiators. The combination of our core and value-added services offered by the oldest multi-business bank in Luxembourg is truly our Right to Win,” said Mr Bösken.
A high-quality 360° service
Services range from AIFM, depositary, bridge financing, agency services, global custody, treasury management and wealth management solutions.
Experienced, multilingual relationship management team provides continuous guidance throughout the lifecycle of the fund.
Vast experience in alternative investments such as private equity, real estate, private debt and fund of funds.
A boutique approach with a focus on clients which are seeking bespoke solutions and long-term partnerships.
For more information visit bil.com/assetservices