We are pleased to announce that in addition to investment management and safekeeping of clients’ assets, CFS Management Ltd. (CFS) has recently added a new product to its range of services – opening payment accounts in the client’s name as well as IBAN issuance. Payment accounts, that allow maintaining balances in multiple currencies as well as initiating SEPA and cross-border transfers, are offered as a supplementary service to the company’s clients.
Previously new permissions were awarded by the UK’s Financial Conduct Authority to carry out regulated activities, particularly: holding client funds and custody assets as well as managing sub-threshold Alternative Management Funds (AIFMs).
“These are a significant development for our firm” – says managing director and owner of the firm Mr. Paul Mills – “as it provides us with a solid base to further expand our business by offering our clients enhanced levels of service. Our team is very excited to achieve these milestones in our strategic objective of transforming the company into a significant market player with a full spectrum of financial services which now may be offered in-house”.
For more information on our products and news, please contact our team.