RBS International Appoints New Director with Focus on Luxembourg Funds

RBS International has announced the appointment of Philip Prideaux as Director to drive the bank’s Luxembourg Funds Banking offering.

Previously an Associate Director on the UK private equity team, Philip Prideaux’s role will be London-based and primarily supporting the requirements of local managers and advisors of Luxembourg funds, with a focus on delivering fund financing solutions, including subscription finance, NAV and GP facilities.

Commenting on the appointment, Ian Harcourt, Country Head & Head of Institutional Banking at RBS International Luxembourg, said: “I am delighted that Philip has joined the team at a time when we have such exciting and extensive ambitions for providing fund finance and wider liquidity solutions to the Luxembourg funds market. We are dedicated to exponentially growing and deepening our financial support to this key market and Philip brings a wealth of experience and drive which should help us achieve these ambitions in the coming year. Alongside our investment in attracting highly skilled colleagues, we are continuing to invest in our digital platform which will be of significant benefit to all our customers and strategic partners”.

RBS International supports over 200 alternative investment funds in Luxembourg with their fund financing, cash management, currency risk management and depositary needs.