The client is one of the world's top real estate investment players.

A $116 billion real estate investments house has chosen Credit Suisse Luxembourg, part of Credit Suisse, to service its range of locally-domiciled investment funds.

The mandate, awarded by Hines, includes asset custody and depositary services under the Alternative Fund Managers Directive regime of the EU, alongside banking and reporting services, notably for Hines’ flagship Hines Pan-European Core Fund (more than €1.3 billion of assets under management).

More than $350 billion of fund assets are held under custody by Credit Suisse Luxembourg and more than $80 billion are held on its Luxembourg platform.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 24 countries. Its total AuM includes $64 billion covered by Hines’ fiduciary investment management services, and $52.4 billion covered by Hines’ third-party property-level services.