The director of the branch of Cecabank in Luxembourg, Brenda Bol, is added to the Board of Directors of ABBL, representing to the sector of the activity of depositary in the Grand Duchy
The appointment involves also the presidency of the Cluster of Depositary of ABBL, that gathers to depositary banks people responsible for present in the Grand Duchy
Cecabank, bank guard regardless of on the market Iberian reference, gave a decisive step in its internationalisation strategy with the opening of its branch in Luxembourg in March 2025. One of the key pillars of this expansion is the development of solutions for traditional and alternative funds
Cecabank, bank guard regardless of on the market Iberian reference, gave a decisive step in its internationalisation strategy with the opening of its branch in Luxembourg in March 2025. This initiative answers to the objective of expanding its activity in Securities Services, approach institutional clients that sue a more customised service and position in one of the financial squares principals European.
The Association of Banks and Bankers of Luxembourg (ABBL) is a key organisation of the financial sector of the country, that represents to a broad actors variety such as banks, intermediaries, regulators, legal signatures, consultancy firm, auditors and institutions fee-paying. Reflects the diversity of the Luxembourg financial centre and acts as a spokesman of the sector a national level and international, promoting a regulatory environment solid, competitive and aligned with the interests of the financial ecosystem.
In recognition to its path and to the role of Cecabank in the European financial sector, in October 2025, ABBL has appointed to Brenda Bol as a member of its Board of Directors, on behalf of the sector of banking depositary. This share will involve also the presidency of its Cluster of Depositary, that gathers to the depositary banking people responsible for of all the companies members.
“Be part of the Board of Directors of ABBL and lead its Depositary Cluster us offers the opportunity of contributing actively to the development of the Grand Duchy's financial sector from a position of dialogue and collaboration. In a context of growing complexity regulatory for the depositary banks, participate in this platform we allow exchanging knowledge, promote common standards and face in a joint way challenges of the sector”, Brenda explains Bol, director of the Branch in Luxembourg of Cecabank, to which adds: “From Cecabank, we want contribute value to the Luxembourg depositary ecosystem via our solid experience and our rigorous regulatory approach, that we allow anticipating and adapt us with effectiveness to the demands of the financial”environment.
The Board of Directors of ABBL is made up of 21 members, in general senior executives of the organisations partners, appointed by its General Assembly for a three-year period. This body establishes the strategic priorities of the association, with the support of committees specialised in remunerations, audit and governance. In addition, ABBL has multiple clústers, technical committees, working groups and forums, that they allow the active involvement and collaborative of its members in the development of the financial sector of Luxembourg.
All the banks that they provide depositary and custody services in Luxembourg can be members of the ABBL, and every person in charge is part of the above-mentioned Depositary Cluster, that acts as main benchmark for the interaction with the authorities and other actors with regard to postcontracting, as well as for the development of policies and guidelines of market for the sector.
Cecabank, international expansion in Luxembourg
From March 2025, the branch of Cecabank in Luxembourg provides services of depositary, custody and settlement of securities for direct billing funds in this jurisdiction, so much bass the Directive UCITS as AIFMD. The company is presented as a neutral supplier, independent and highly creditworthy, with a customised approach and deep understanding of the operations of its clients. From Luxembourg remains a direct contact with the clients, whereas the operations is managed from Madrid, making good use of the solid infrastructure and experience of the company in Spain.
One of the key pillars of this expansion is the development of solutions for alternative funds, as those of deprive you equity, private infrastructures or debt, that they have earned leading role between the corporate investors. Luxembourg offers flexibility to structure this type of vehicles, and Cecabank looks for specialise in them to move that knowledge to the Spanish market, where these structures still are not so developed.
The company has dedicated important resources to the technological development, having a comprehensive depositary system, which it allows offering a lither service and adapted to the needs specific to every client. This commitment for the surrounding area and the customisation answers to an increasing demand of companies that look for alternatives to the major international banks, with models of attention more flexible and specialised.
