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UBS launches Depositary Lite platform
04 March 2014
Helps fund managers fulfil AIFM directive
UBS Fund Services
Depositary Lite platform
UBS Fund Services has launched its Depositary Lite platform to
support managers of offshore funds fulfil the requirements of
the Alternative Investment Funds directive (AIFMD).
UBS will conduct the cash flow monitoring, safekeeping and
general oversight requirements as required by the directive
which will be a change to the existing framework for offshore
David Rochford, head of regulatory product development at UBS
Fund Services said: "We offer the full range of Depositary Lite
services to meet clients' Alternative Investment Funds
requirements or preferred service model. Our platform can be
deployed as part of a split service model working alongside
other providers, or as a one-stop shop solution."
He added: "Together with our team of dedicated specialists, we
are able to guide clients through the on-boarding process,
making delivery of the Depositary Lite framework as seamless as
This new service is one of many new product offerings that UBS
Fund Services will bring to market in 2014 to further support
managers target European capital.