CSC Global Financial Markets announces expansion in the Netherlands to provide global clients 'even greater breadth and scale of service'

Banking & Financial Services
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CSC Global Financial Markets, a global provider of business, legal, tax and digital brand services based in Wilmington, DE, has been granted additional depositary licenses by the Dutch Financial Markets Authority, | Pixabay

CSC Global Financial Markets, a global provider of business, legal, tax and digital brand services based in Wilmington, DE, has been granted additional depositary licenses by the Dutch Financial Markets Authority, according to a press release.

CSC was one of the first non-bank depositaries to gain a license to manage real estate and infrastructure funds, which it has now expanded to include undertakings collective investment in transferable securities (UCITS) funds. The company's expanded alternative funds license now includes financial instruments, private debt and equity, as well as shipping.

“We’re delighted that our depositary services now cover an extensive list of investment strategies in the Netherlands,” Mascha Hartskeerl, head of depositary services for CSC Global Financial Markets in the Netherlands, said in the press release, “The addition of UCITS funds license is a major milestone in the history of CSC in the Netherlands. The market response is extremely positive, and we are already onboarding our first UCITS fund manager. These new licenses allow us to service a broader range of fund managers and introduce them to the same high level of service and expertise we deliver to our existing clients.”

These additional licenses will enable CSC to extend its operations in the Netherlands, while also advancing the company's long-term objective of delivering a comprehensive suite of multijurisdictional alternative investment, capital markets and business solutions in important global financial hubs, according to the release.

“This expanded offering builds on our existing depositary services across Europe and will give our global clients even greater breadth and scale of service,” Paul Whelan, European head of depositary services, said in the press release, “As a 120-year-old privately held U.S. corporation, we offer clients a level of service and experience that few in the industry can match."

CSC's Global Financial Markets employees are positioned in financial centers throughout the U. S., Europe and Asia-Pacific.

Additionally, the company manages roughly 10,000 law firms and 3,000 financial institutions as a result of its partnership with approximately 90% of the Fortune 500.