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 established depositary business in Spain and Portugal serves 46 asset managers, with approximately €255.6 billion 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.
