ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector, ranging from central administration for alternative investment funds, to legal secretarial, domiciliation, management, accounting, investor reporting and ESG services.
