Hauck & Aufhäuser acquires majority stake in Irish Crossroads Capital Management Limited

Frankfurt (ots) - Via its subsidiary Hauck & Aufhäuser Fund
Services S.A. in Luxembourg Hauck & Aufhäuser AG acquires a majority
stake in Crossroads Capital Management Limited (CCM). CCM is an
well-established Alternative Investment Fund Manager (AIFM) and a
UCITS management company based in Dublin, Ireland, specializing in a
range of services for investment managers and fund promoters in
Europe. The acquisition which is subject to the approval of the
Central Bank of Ireland adds an international component to the
product portfolio of the core business segment Asset Servicing. After
completion of the transaction, Hauck & Aufhäuser's assets under
control will amount to approximately 124 bn. EUR.

"Ireland is an important hub for the launch and international
distribution of investment funds. With 4.6 tn. EUR Assets under
Administration, Ireland is the second largest European hub after
Luxembourg. For this reason, we want to take this strategic first
step to Ireland, which we were able to realize through this
acquisition," says Dr. Holger Sepp, Member of the Management Board of
Hauck & Aufhäuser, who is among other segments responsible for the
core business area Asset Servicing. "We also look forward to
continuing to work on this project with Donnacha Loughrey (Managing
Director) as a partner and to being able to rely on the quality and
expertise of CCM's current team in the future. CCM ideally
complements our range of services." With this acquisition, Hauck &
Aufhäuser is taking a significant step towards implementing its
internationalization strategy in Europe.

"We are delighted to partner with Hauck & Aufhäuser, a niche
player in Asset Serving and one of Luxembourg's largest fund service
providers. The global fund industry has undergone a very dynamic
development and, with the support of Hauck & Aufhäuser, we expect
considerable opportunities to expand our business. The partnership
will enable us to offer a range of additional services to our
existing clients while expanding and offering our fund solutions to a
larger global client base," added Donnacha Loughrey, Managing
Director of CCM.

About Hauck & Aufhäuser Privatbankiers AG

Hauck & Aufhäuser can look back with pride at a history spanning
223 years. The bank was created through the merger of two highly
traditional private banks: Georg Hauck & Sohn Bankiers, founded in
Frankfurt am Main in 1796, and Bankhaus H. Aufhäuser, on the market
in Munich since 1870. The two banks merged in 1998. The Management
Board of the bank comprises the Chairman, Michael Bentlage, and the
Management Board members, Dr. Holger Sepp and Wolfgang Strobel. Hauck
& Aufhäuser considers itself to be both a highly traditional and, at
the same time, a highly modern private bank.

From its corporate locations in Frankfurt am Main, Munich,
Hamburg, Düsseldorf, and Cologne, the bank focuses on delivering
holistic advisory and management services to its private and
corporate clients, managing the assets of institutional investors,
providing comprehensive fund services for financial and real assets
in Germany and Luxembourg, and successful cooperation with
independent asset managers. In addition, we offer research, sales and
trading activities specializing in small and mid-cap enterprises in
German-speaking countries as well as tailored services for IPOs and
capital increases. The main focus of our business activities is on
providing holistic and personal advice as the basis for developing
tailored solutions.

About Crossroads Capital Management Limited

Crossroads Capital Management Limited is regulated by the Central
Bank of Ireland as a UCITS management company pursuant to the
European Communities (Undertakings for Collective Investment in
Transferable Securities) Regulations 2011 (as amended) and also
authorized by the Central Bank of Ireland as an alternative
investment fund manager pursuant to European Communities (Alternative
Investment Fund Managers) Regulations 2013.

Contact:
Sandra Freimuth Hauck & Aufhäuser Privatbankiers AG
Tel. +49 89 2393 2111
sandra.freimuth@hauck-aufhaeuser.com
www.hauck-aufhaeuser.com

Original-Content von: Hauck & Aufhäuser Privatbankiers AG, übermittelt durch news aktuell