Hauck Aufhäuser Lampe exceeds 200 billion euro assets under service mark

Hauck Aufhäuser Lampe exceeds 200 billion euro assets under service mark

Asset Servicing

22. March 2022

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Hauck Aufhäuser Lampe exceeds 200 billion euro assets under service mark

As of February 2022, Hauck Aufhäuser Lampe's Asset Servicing division has reached a special mark: the company now services a total of more than 200 billion euros in fund assets in Germany, Luxembourg and Ireland. Since 31 December 2017, the bank has thus been able to increase its assets under service (AuS) by 145.7 percent. During the past year, 254 new fund mandates were added; the increase in AuS during this period amounted to 38.6 billion euros

The strong growth was driven in particular by the alternative assets segment. In the last 15 months, this segment has grown by 50 billion euros and now accounts for around 75 percent of Hauck Aufhäuser Lampe's serviced fund assets. This development was also reflected in the German depositary statistics published by the BVI Deutscher Fondsverband (German Fund Association) at the beginning of March: with an increase of 11.16 billion euros (+37.75 %), the bank continues to be the fastest-growing depositary for alternative assets in Germany and, with 40.72 billion euros in fund assets under custody, is among the top 4 in Germany. In addition, the bank entered the top 10 of depositaries in Germany for the first time.

The Asset Servicing division has also grown strongly in terms of staff: almost 70 new full-time employees in 2021 alone will support the entire service universe for fund products. Clients of Hauck Aufhäuser Lampe benefit from custodian services in Germany and Luxembourg, as well as from comprehensive services in the areas of management and administration of fund products in Luxembourg and Ireland.

"The exceptional levels of growth across all service segments of the Asset Servicing division demonstrate that we are on track to become a leading peer-to-peer asset servicing provider for mid-cap clients, offering bespoke and high quality investment solutions in the liquid and illiquid sectors. We will continue to grow in our existing areas, but also focus on glocal growth by strengthening our presence in Ireland."