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Carlos Alberto Morales and Alessandro D’Ercole (Adepa): Defining the Future of Asset Servicing
Based in Luxembourg and with subsidiaries in Spain, Italy, and Chile, Adepa is a global provider of Management Company & AIFM, Fund Administration, Investor and Corporate services. Strategical and innovative thinking have driven its dynamic growth, as CEO Carlos Alberto Morales and deputy CEO Alessandro D’Ercole explain.
Facing Financial Industry’s Changing Needs
Times are changing for the asset management industry. “The landscape is reshaping through rapid digitalization, evolving distribution models and investors’ appetite, more sophisticated investment strategies, retailisation of private assets,” Alessandro explains. “Asset managers need to adapt, and we at Adepa are evolving alongside them.” The company has made strategic transactions, such as acquiring Fidupar to strenghten its offering across alternative asset classes. They’re also investing in automation and digital solutions to continuously improve funds’ operations and the investor experience, for liquid, illiquid and evergreen investment strategies. “Our open-architecture approach allows us to provide customized, scalable solutions,” Alessandro says, “keeping our clients competitive in an industry that is constantly evolving.”
“We’re focused on growth through future-ready, global solutions that give our clients an edge in the evolving landscape.”
Carlos Alberto Morales, Adepa
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Continuous Innovation
The focus on innovation lies at the heart of Adepa. “Staying ahead means continuously rethinking how we deliver services,” Alessandro explains. By streamlining workflows, improving efficiencies, and refining processes Adepa ensures maximum value for its clients. Technology is central to this, not just integrating current cutting-edge tools but looking ahead, leveraging also on disruptive advancements like AI. “We are envisioning how technology will define the future of asset management,” he continues, “not just optimizing speed but enhancing the quality of our service delivery.” Innovation is essential, but client- centered rather than for its own sake. As Alessandro emphasizes: “Our goal is to provide top-tier solutions that can be customized to the needs of our clients, allowing them to focus on their core business, knowing that their operations are in capable hands.”
Global Expansion, Committed to Excellence
“Our vision is centred on strategic, sustainable growth,” Carlos says. Following years of consistent double-digit growth, Adepa aims to continue its trajectory. Their “dual strategy” involves establishing a presence in countries with well-developed local fund industries while offering Luxembourg’s world-class structures and solutions to international clients, becoming a bridge between local expertise and global opportunities. Alongside organic growth, they’re considering strategic moves like the acquisition of Fidupar and the alliance with the banking group Inversis, which acquired a 40% stake in Adepa, to strengthen their leadership in fund services. Adepa prioritizes expansion alongside operational excellence, investing continuously to enhance its global service and operating model, ensuring that developments reach every jurisdiction in which it operates. “To remain at the forefront of the industry, we’ve adopted the lean management approach,” Carlos continues, “streamlining workflows, improving efficiencies, and enhancing processes.” The long-term vision is to make Adepa a true partner to asset managers, unlocking new opportunities, driving growth, and navigating the future.
