AIFMD Depositary services

An authorised depositary across multiple European hubs

Alternative investment managers are increasingly subject to more stringent regulatory regimes and pressure to ensure investor protection.

If your fund operates under the Alternative Investment Fund Managers Directive (AIFMD), you need to appoint an independent depositary to oversee your fund’s activities and ensure the proper safekeeping of the funds’ assets, identifying any risks connected with the operational performance of the Alternative Investment Fund (AIF).

Our depositary service has been specifically designed for alternative investment fund managers of illiquid assets to comply with their regulatory obligations under the AIFMD. Our service is available to managers and funds established or marketed in the EU and lighter regulations apply to non-EU funds managed by an EU or a non-EU manager. We’re authorised as a depositary across six key European hubs: the UK, the Netherlands, Luxembourg, Denmark, Sweden and Norway.

Our dedicated depositary teams work closely with you to ensure you have robust risk management processes in place and a productive dialogue between AIFMs and third-party service providers. We can also assist with the design and implementation of a tailor-made oversight function. Our bespoke operating model means we can assist you with all AIFMD-requirements including onboarding, monitoring cash flows, ownership verification, record keeping and oversight duties. And, our depositary solution can be delivered standalone or as part of our integrated 360° fund services.

Our services include:

• Verification of asset ownership
• Capital and cash flow monitoring
• Oversight of the AIF policies and procedures
• Ensuring that transactions and valuations are performed in accordance with the fund’s principal documents, applicable laws and the AIFMD identification
• On-going risk monitoring of the different fund assets
• Jurisdictional reach for passported or private placed funds
• Robust risk management and oversight processes
• Interactive dialogue between AIFMs and third-party service providers
• Fully integrated fund services (AIFM Management Company, fund administration and depositary services)