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2015/05/26
REYL & Cie obtains fund custodian license in Malta

To supplement the Asset Services offered by REYL Group in Geneva, Luxembourg and Zurich, REYL & Cie Ltd is setting up a new subsidiary in Malta under a category-4a license granted by the Malta Financial Services Authority, which covers custody activities for funds. This new office will enhance an existing comprehensive offering that includes investment strategy consulting, along with a full line-up of fund custody, trading, set-up and governance services.

As part of its growth strategy, REYL & Cie Ltd continues to invest and expand to best serve its financial, institutional and international, business clients.

REYL Group has adopted a diversification strategy that encompasses its service offering as well as its geographic presence. The Asset Services activity will thus complement the current business lines, namely Wealth Management, Private Office, Corporate Advisory & Structuring and Asset Management. Malta will strengthen REYL Group's international presence above and beyond its seven existing locations in Europe and Asia.

“We had already considered establishing a presence in Malta before the official launch of our Asset Services business line in order to offer our institutional clients modern and cost-effective fund custody, governance and set-up solutions. We are therefore very pleased to have obtained authorisation from the Maltese authorities to act as a licensed custodian. Malta is a fast-growing financial center that is easily accessible within the European Union. It has the entrepreneurial drive we encourage in our own approach,” says François Savary, Head of Asset Services and Chief Strategist at REYL Group. “We can also count on an integrated team of professionals based in our offices in Malta, Luxembourg and Geneva who have extensive experience in the legal and operational aspects of investment vehicles. We are confident this new location will offer real value-added services to our fund administrator, promoter and manager clients.”