Altum Group granted UCI extension to its Luxembourg PSF license

Stephen McKenna profile image
Stephen McKenna
Chief Commercial Officer
Published: 12th Sep 2023

Altum Group, a leading financial services provider, has been granted an Undertaking for Collective Investment (UCI) extension by the Commission de Surveillance du Secteur Financier (CSSF), growing its reach in the region and proposition for alternative fund managers.

Stephen McKenna, Chief Commercial Officer at Altum Group said, "Securing this extension to our Luxembourg PSF License is a huge step for our European fund offering.  It allows us to provide the market leading service our clients enjoy across all alternative investment funds in Luxembourg. This is something our clients have wanted us to offer and we are delighted to be able to do so. Luxembourg continues to be a key growth jurisdiction and our latest milestone showcases our continued commitment to providing a multijurisdictional fund solution that empowers our clients to achieve their goals."  
Stephen McKenna profile image
Stephen McKenna
Chief Commercial Officer

Securing the UCI extension from the CSSF enables Altum to provide a fully integrated fund administration and transfer agency solution to all alternative investment funds. This news follows from  the announcement of our agreed acquisition of Link Fund Solutions S.A., a leading provider of AIFM services (which is subject to CSSF approval). We are delighted to be able to provide this comprehensive fund offering and strengthen our presence in Luxembourg, one of our key jurisdictions.

Luxembourg is widely regarded as a premier jurisdiction for conducting funds business and has a long-standing and well-established reputation for its political stability, strong regulatory framework, and investor protection measures. The jurisdiction is attractive for fund managers and investors alike and offers a multilingual workforce and deep expertise in fund administration, custody, and distribution.

Stay connected and reach out to James Milner or Stephen McKenna to learn more about our business and service offering.