UBS launches 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 funds.
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 possible.”
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.
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 funds.
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 possible.”
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.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
