UBS Fund Services, a global fund administrator, has announced the launch of 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. 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.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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 (AIFs) 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. 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."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
