Credit Suisse to provide custody and depositary services mandate for Hines European real estate investment programs
Credit Suisse Luxembourg has been appointed by Hines, a global leader in real estate investments with more than USD116 billion in AUM, to service a range of locally domiciled real estate investment funds (AIFs).
The mandate includes AIFMD-compliant asset custody and depositary services, alongside banking and reporting services, notably for Hines’ flagship Hines Pan-European Core Fund, which exceeds EUR1.3 billion.
“After a thorough selection and due diligence process, we have decided to team up with Credit Suisse, as they bring compelling value to the table. Beyond robust operations and hands-on client service, they go the extra mile to contribute to our funds’ success,” says Margaret Fitzgerald, Managing Director at Hines.
Credit Suisse’s Jean-Daniel Zandona, leading client coverage for Corporates and Institutional Asset Managers in the region, says: “Partnering with fund managers of the calibre of Hines further rewards our continuous efforts to develop and deliver meaningful services to alternative funds managers, throughout the fund lifecycle. We are honoured to support Hines in the superior execution and investor experience they stand for.”