LaSalle Launches Fund Administration Unit

Mar 16 2007 | 1:00pm ET

LaSalle Bank, a Chicago-based subsidiary of Dutch banking giant ABN Amro, is expanding its global structured finance services business with the launch of LaSalle Global Fund Services, offering fund accounting, investor servicing and securities custody technologies for alternatives firms.

“For LaSalle Bank, this is a natural progression into the alternative investment market,” Doug Hart, group senior vice-president for global securities and trust services, said. “We are a known leader in the structured finance sector, and the addition of fund administration rounds out our service offering.”

In addition to operations in Chicago, fund administration services will be offered in Europe through the extended affiliate network of ABN Amro, and will also be offered in Asia later this year.

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