Launched in 2004 with $142 million in assets under management (AUM), the Fund Advisory service was further developed in 2006, with a strategic focus on emerging market debt.

The strategy encompasses commodity trade finance, factoring, forfaiting, fund of funds and securitisation. Assets under management currently stand at €200 million.

Banca Lombarda, the largest shareholder of CFE Finance Holding, underwent a significant transformation, becoming part of the UBI Banca Group.

This evolution strengthened its position in the Italian financial market, leading it to become the fifth-largest banking group in Italy.

CFE Finance Holding undertook a significant capital increase through the issuance of new shares at a premium.
As a result of this financial strategy, the company’s shareholders’ equity grew substantially, rising from an initial €3 million to a total of €45 million.

The entire process was overseen and supported by UBI Trustee, part of the UBI Banca Group, acting as advisor and providing the expertise and guidance required to ensure the successful completion of the transaction.

CFE Finance Holding established a new London-based subsidiary, CFE (UK) Ltd., now known as RiverRock Capital Limited. The company is authorised and regulated by the Financial Conduct Authority (FCA), the UK regulatory body responsible for overseeing and regulating financial services.

The establishment of this subsidiary marked an important milestone in the Group’s expansion strategy, reaffirming its commitment to providing high-quality financial services within the framework of the FCA’s regulatory supervision.

CFE (Suisse) S.A. was established in Geneva, marking a significant milestone in the development of the Holding. With a share capital of CHF 10 million, the new entity represented a decisive step in CFE Finance Holding’s international expansion strategy.

This substantial investment underscored the Group’s commitment to the Swiss market and its confidence in long-term growth and sustainable development. The choice of Geneva as its headquarters reflected CFE Finance Holding’s ambition to establish a strong presence in one of Switzerland’s most dynamic and prestigious financial centres, creating additional value for local clients and partners.

Corporation Financière Européenne S.A.M. was established in Monte Carlo, creating a new entity dedicated to providing continuous access to global and domestic markets, with a focus on delivering high-quality services and precision in financial transactions.

CFE S.A.M. operates under the supervision and regulation of Monaco’s Financial Activities Supervisory Commission (CCAF). Its authorisation and regulatory oversight ensure compliance with the high standards of governance, security and regulatory requirements of the financial sector, providing clients with reliable services in full accordance with applicable regulations.

In 2016, the Group launched its Public Administration Receivables business, committing significant financial resources, with investments totalling up to €1.2 billion. This marked a key milestone in the development and management of funding allocated to the healthcare sector.
In the same year, the Group completed its first sovereign debt securitisation transaction, an innovative operation that represented a significant milestone in public finance and sovereign debt management.

This pioneering transaction not only introduced a new approach to the sector but also opened up new opportunities for resource optimisation and long-term financial sustainability.

CFE Advisory Services is established in Luxembourg as the Holding’s new entity, created to provide high-level consultancy and specialised services. The company aims to deliver tangible added value to businesses and investors by leveraging qualified expertise and offering tailored strategic and operational support, helping them navigate the challenges and opportunities of an ever-evolving market.

The establishment of this new entity marks a strategic step towards expanding and strengthening the Holding’s advisory capabilities, with the aim of effectively addressing the challenges and opportunities of today’s economic environment. Backed by a team of experienced professionals and a strong focus on client needs, CFE Advisory Services aspires to become a trusted partner and a leading reference for advisory solutions in the Luxembourg market.

CFE Finance Holding made significant strategic progress throughout the year, strengthening its international presence and investing in advanced technologies. At the international level, the acquisition of a stake in LFS Holding SA in Luxembourg expanded the Holding’s portfolio in the regulated corporate services sector. In Italy, the investment in Techstar Srl, based in Udine, further strengthened its position in the emerging technology sector.

Furthermore, CFE Finance Holding has firmly embraced ESG principles, integrating them into its operations to promote sustainability, business ethics and responsible governance. These initiatives reflect the Holding’s strong commitment to contributing to a more sustainable future.