- BIL Manage Invest (BMI), the third-party management company of the Banque Internationale à Luxembourg (BIL) Group has been approved by the CSSF as a UCITS Management Company.
BMI was established in 2013 to provide specialised management and fund governance services to both third-party investment funds as well as to funds of the BIL Group. BMI received its licence as an Alternative Investment Fund Manager (AIFM) from the CSSF in May 2014 and
now qualifies as a “Supermanco”.
BMI offers a wide range of services through its open architecture third-party management company model. It includes the structuring and set up of suitable fund vehicles to suit the client’s strategy, portfolio and risk management, as well as due diligence and oversight of the delegated service providers.
Alexandre Dumont, CEO of BIL Manage Invest commented: “We see the authorisation of BIL Manage Invest as a UCITS Management Company as a natural progression of our highly successful AIFM operating model. Our unique approach to fund governance solutions from an investment manager’s perspective allows us to act as the single point of contact in Luxembourg for our clients who are free to concentrate on their core business of managing and growing their assets.”
The UCITS licence comes shortly after the appointment of Stephen Roberts as Head of Business Development at BMI. Mr Roberts brings over 25 years of experience in the management and distribution of UCITS funds and added: “With the backing of the BIL Group and its international banking network, BIL Manage Invest is ideally positioned to provide the required substance in Luxembourg to UCITS and Alternative Fund Managers located around the globe, acting as their local regulatory hub.”