Cecabank boosts its presence in Luxembourg with the addition of new strategic clients
These additions strengthen Cecabank’s model, which is based on a neutral, independent, flexible, and specialized approach capable of adapting to the specific needs of each client.
Cecabank, Spain’s leading custodian bank in Securities Services, is rapidly expanding its business in Luxembourg, having recently added Buy & Hold Capital to its client base and reaching a very advanced stage in the process of incorporating other European entities. These moves reinforce its position as a leading Spanish partner in Europe’s main fund center and consolidate the Grand Duchy branch as a strategic pillar of its international growth.
Since March 1, 2025, the Luxembourg branch has been fully operational after obtaining all the required authorizations. With the aim of continuing to promote the internationalization of its clients and supporting them in the development of their business in the country, this branch provides fund depositary and asset custody services, among others, to vehicles domiciled there, thus reinforcing the bank’s commitment to being a comprehensive partner of choice for its clients.
Brenda Bol, director of Cecabank’s Luxembourg branch, explains: “The addition of new clients reinforces the competitiveness of Cecabank’s model, which is based on a neutral, independent, flexible, and specialized approach. We offer a personalized service tailored to each client’s needs, backed by a robust operational infrastructure and in-depth knowledge of the UCITS and AIFMD frameworks, which are key factors in a demanding market such as Luxembourg.”
The activity carried out in Luxembourg has allowed the entity to consolidate its role within the European Securities Services ecosystem. The firms that have placed their trust in Cecabank particularly highlight its operational proximity, specialized technical support, and robust technological infrastructure, all of which are critical factors in a highly regulated and competitive market. “In this first year, we have confirmed that there is a growing demand for independent providers capable of offering a highly specialized and accessible service. The trust of new clients and the granting of regulatory licenses are proof that our model brings real value to a market as sophisticated as Luxembourg’s,” said Brenda Bol.
The branch has gained significant recognition in the Luxembourg financial ecosystem by joining the Board of Directors of the ABBL (Luxembourg Bankers’ Association) and having its director chair the Depository cluster. This milestone reflects Cecabank’s growing importance in the country and strengthens its ability to offer specialized solutions—including traditional and alternative funds—in a highly sophisticated and regulated market.