Luxembourg's EDB Partners With Swiss Securitisation Platform Business

Editorial Staff

15 November 2022

Luxembourg-based European Depositary Bank, which provides banking, paying agency, depositary and custody solutions, has partnered with securitisation specialist GenTwo to provide the latter firm with paying agent and banking services for third-party investors globally.

GenTwo, based in Zurich, creates securitisation platforms for asset managers, banks, family offices and venture capital investors. This enables professional investors to invest in bankable and previously non-bankable assets.

This partnership will provide GenTwo's clients with bank accounts and paying agency services for notes issued via international clearing systems Clearstream SA and Euroclear. These services will be delivered by EDB, which offers traditional and digital banking services, as well as paying agency, registrar and transfer agency services to institutional investors and asset managers worldwide.

EDB, part of global financial services provider Apex Group, provides depositary services in Europe for regulated UCITS and alternative funds. It has more than $160 billion of assets under depositary (as of 30 September 2022).

EDB recently appointed David Claus as chief executive, the firm has also rolled out digital banking services for institutional clients.