LaSalle Bank Fund Administration Services Goes Global
CHICAGO - LaSalle Bank N.A., a North American subsidiary of ABN AMRO Bank N.V., is further expanding its global structured finance services business with the launch of LaSalle Global Fund Services. LaSalle Bank combines the industry’s best fund accounting, investor servicing and securities custody technologies to create a custom-built reporting engine that provides unparalleled solutions for alternative investments.
As the leading global Commercial Mortgage Backed Securities trustee and the second largest global provider of Collateralized Debt Obligation trustee services, LaSalle Bank has established itself as a market leader in the structured products and securitization industry. The addition of LaSalle Global Fund Services further extends the bank’s comprehensive service offering to alternative investment managers.
“For LaSalle Bank, this is a natural progression into the alternative investment market. We are a known leader in the structured finance sector, and the addition of fund administration rounds out our service offering,” said Doug Hart, group senior vice president, Global Securities and Trust Services at LaSalle Bank N.A.
In addition to operations in Chicago, fund administrative services will be offered in Europe through the extended affiliate network of ABN AMRO Bank N.V., LaSalle Bank’s parent, and will also be offered in Asia in 2007.
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