LONDON, October 7, 2015 /PRNewswire/ --
Global investment manager appoints Cortland agency services on direct lending fund
Cortland, a global financial services company, today announced that its UK entity, Cortland Capital Market Services Limited, has received authorisation from the Financial Conduct Authority ("FCA") to perform regulated activities vital to the company's client base of investment managers and commercial lenders. Regulated activities include loan agency, escrow services, cash management, paying agency and custody.
"Our global and European direct lender and investment manager clients demand a trusted, responsive and highly technical provider to administer and manage their middle office," said Juliana Ritchie, Co-Head of Cortland Europe. "Obtaining this critical authorisation enables us to address and fully meet client requirements."
As an Authorised Payment Institution ("API"), Cortland is approved to carry out payment services activities, and is permitted to passport these regulated activities in European Economic Area countries.
About Cortland Group
Cortland is a leading global investment servicing company providing third-party and outsourced middle office services to investment managers and commercial lenders globally. Cortland administers over USD 75 billion for clients including credit, private equity and real estate funds, direct lenders, and CLO managers.
Juliana Ritchie and Laurence Cornevin, Co-Heads of Cortland Europe and the Middle East, are based in Cortland's London office, conveniently located in the financial heart of London at Juxon House, 100 St. Paul's Churchyard.
Cortland is headquartered in Chicago and serves clients worldwide from Chicago, London, Los Angeles, and New York. For more information about Cortland, please visit us at http://www.cortlandglobal.com.
About Cortland's FCA authorisation:
Full details of Cortland Capital Markets Services Limited authorisation can be found on the FCA Financial Services Register
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