Launch of NAV Center in Milan

February 1, 2021



The financial group Adepa Global Services (“Adepa”) is pleased to announce the launch of fund administration services in Italy through the launch of its pioneering organization and process model NAV CENTER.

After having built up a strong footprint in Milan over the past 7 years providing extensive BPO, AIFM and ManCo services, Adepa is now launching an innovative service of fund administration, dedicated specifically to the Italian market and Italian funds organized in accordance with the UCITS and AIFMD rules.

Carlos Morales, CEO of the Group, comments:

“We are ready to support the Italian market with our local expertise in Italian funds combined with the international proven procedures and standards we developed over the last decades in Luxembourg, Spain, and Chile.”

Especially In the current context of increasing market sophistication, Adepa’s launch of a NAV CENTER in Milan for fund administration offers its clients a distinctive and independent positioning embodied in an open architecture service model. The service encompasses traditional asset classes and alternative ones such as Private Equity, Real Estate, Private Debt, and Infrastructure, amongst others, to support Italian fund management companies and asset managers throughout every investment strategy and market cycle.

Esteban Nogueyra, Global Head of Fund Administration and NAV Centers, explains:
“We are extremely pleased to see the interest of the Italian entities for an independent service provider like us, fully dedicated to the support of their back and middle office activities, and with a multi-depositary approach.”

The new service is focused on the fund administration activity with Adepa’s distinctive NAV Calculation service, while also integrating solutions in the framework of NAV Recalculation and NAV Oversight, leveraging on Adepa’s pioneering positioning in this field. With its holistic NAV Services model based on a multi-level-integration approach, Adepa ensures top quality operations for every portfolio type: UCITS, Alternative Investment Funds, Individual Portfolios, Unit Linked, and Pension Funds.
All services are backed by a strong technological architecture composed of market leader applications and enhanced by proprietary software in order to focus on time saving, daily processes improvement, real-time controls, and reporting functions. This allows Adepa to scale up its continuous innovation in processes and in service delivery.
Alessandro D'Ercole
Alessandro D’Ercole, Managing Director of Adepa in Italy and Global Head of Business Development, states:

“We are certain that the new services will move our Italian clients to the next level!”.


Adepa is an independent and global leading provider of specialized asset servicing. Since 1980, Adepa delivers outstanding support and develops tailor-made solutions to asset managers operating around the world. The Group is currently present in Luxembourg (Headquarters), Italy, Spain and Chile. For more than 40 years, Adepa has earned distinction for its entrepreneurial approach, service innovation and unique client focus.

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