Cecabank has received regulatory approval to start operating its branch in Luxembourg offering depositary services.
Cecabank, based in Madrid, offers securities depositary, custody and settlement services. Its depositary business established in Spain and Portugal attends to 46 managers of assets, with approximately 255,600 million euros in deposited assets at the end of December 2024.
Brenda Bol is director of Cecabank's branch in Luxembourg. The office, located in Cloche d'Or, is staffed by a team of five highly qualified professionals.
