Argenta Asset Management and European Fund Administration (EFA) have announced that they have concluded a partnership agreement for administration of Argenta’s Luxembourg funds.
In line with Argenta’s strategy to focus on core management company functions, the delegation of administration and transfer agency capabilities to an independent player is a logical step for Argenta, and fits perfectly with EFA’s model.
The Argenta Asset Management fund portfolio, representing a total of €1.4 billion, is administered by EFA since 1 March 2016 with Banque et Caisse d’Epargne de l’Etat acting as depositary bank and custodian.
Erik Schoepen, director of Argenta Asset Management, commented “The delegation of the fund administration and transfer agent functions will enable us to strengthen our core service range as a management company and allow us to offer more innovative products to our clients. We are confident that EFA’s neutral and independent model and its expertise nicely matches our needs.”
Thomas Seale, CEO of EFA, added “EFA is delighted to welcome Argenta as a client. This delegation agreement confirms our strong positioning as an independent player and long term partner. Our extensive network with management companies, investment funds and depositary banks enables us to understand market needs and develop tailor-made solutions.”
