LUXEMBOURG – Kirchberg based consulting and administrative services provider for international pension funds, Employee Benefit International Consulting and Administration (Ebica), has opened its capital to a new shareholder, in order to offer a wider range of services.
Insurance company Bâloise Vie Luxembourg, part of the Swiss insurance group Bâloise, has bought a 40% share in the consultancy from the initial shareholders, ABN AMRO Life and ABN AMRO Bank Luxembourg, which set up the firm in late 2000.
The original shareholders still own an equal share in the company.
Ebica offers international pension funds consulting, actuarial and administrational services, and access to services related to asset management and depositary bank services and defined contribution products through its existing owners.
The new partnership will mean an enlargement of its range of products, says the company.
The group says its future emphasis will be on pension fund asset pooling, re-insurance, and defined benefit plan administration.
Custom-made internet solutions are also planned to be included in its range of services.