Gen II Appoints New Head of Depositary Services – Luxembourg

Updated on: January 30, 2025

Gen II has announced that Massimo Bernacchia has been appointed as its new Head of Depositary Services – Luxembourg

Gen II Fund Services LLC (“Gen II”) has appointed Massimo Bernacchia as its new Head of Depositary Services in Luxembourg, as the private capital fund administrator continues to focus on its European expansion and the evolution of its transatlantic service capabilities.

Massimo will be responsible for the leadership and development of the business’s Depositary Services in Europe and for ensuring the provision of first-class client services underpinned by market-leading technology.

With over 22 years experience in the financial services industry and particular expertise in alternative investment funds and depositary services, Massimo joins Gen II from a leading global wealth manager where he was the head of the business’s Safekeeping and Cash Monitoring team for Alternative and Standard assets. Prior to that, he was Head of Delivery - Depositary Services (Luxembourg) for a global corporate services provider.

Through its Luxembourg entities, Gen II Luxembourg Services SARL and Gen II Management Company (Luxembourg) SARL, the business offers a full-service proposition to managers wanting to access the European market. Complimenting Gen II’s wider transatlantic service capabilities, its Luxembourg services include management company, fund administration, accounting, investor services, regulatory reporting, governance solutions, tax compliance services, and depositary services to specialized investment funds (SIF), investment funds in risk capital (SICAR) and alternative investment funds (AIF). The business also remains one of the only third-party management companies in Luxembourg to hold a European Venture Capital (EuVECA) license, allowing venture capital clients very quick access to European investors.

Commenting on Massimo’s appointment, Michael Johnson, Chief Commercial Officer, Europe added:

“Gen II’s full-service proposition in Luxembourg, in conjunction with our wider transatlantic service capabilities mean we’re uniquely positioned to support both US based managers looking to expand their European investor base as well as European managers wanting to tap into the North American markets. Masssimo will play an integral role in maintaining Gen ll’s reputation both in Luxembourg and globally as a leading provider of private capital administration services.’

Richard Browne, Head of Client Service, Luxembourg at Gen II said:

“As demand for comprehensive, expert fund administration and management company services continues to grow in Luxembourg, it’s fantastic to welcome Massimo to our experienced team. His deep knowledge and expertise in both alternatives and depositary services will be invaluable in helping to drive our continuing growth in Europe, whilst simultaneously delivering first-class client service”.

About Gen II

Gen II is a leading independent fund administration provider for private capital asset managers and investors. Distinguished by its bespoke service offerings and robust technological infrastructure, the company has grown to become one of the largest independent private capital fund administrators since its inception in 2009, and now oversees more than $1 trillion of private fund capital.

Gen II’s transatlantic operational reach, is redefining excellence in the fund administration sector enabling it to provide unparalleled service capabilities to fund managers and investors globally. The company helps GPs to navigate complex international markets and regulations whilst effectively managing their operational infrastructure, financial reporting, and investor communications. For more information, please visit gen2fund.com.

Press Contact

Daniel Jason, Material Impact, Marketing Communications: dan.jason@wearematerialimpact.com

Published on: January 30, 2025