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Depositary

The European Alternative Investment Fund Managers Directive (AIFMD) requires alternative investment funds (AIFs) established in Europe, as well as non-European AIFs marketed to European or UK investors, to appoint a depositary.

 

The depositary performs an important oversight function over the operations of an AIF and strengthens the AIF’s governance model. It is required to act honestly, fairly, professionally, independently and in the interests of the AIF and its investors.

Under the requirements of the AIFMD there are several functions that the depositary undertakes:

  • Cash flow monitoring
  • Safe keeping of custody assets
  • Record keeping and verification of non-custody assets
  • Oversight (including oversight of valuation of the AIF and compliance with investment restrictions and leverage limits)

“Our ability to offer depositary services in three key jurisdictions showcases our commitment to providing our clients with best-in-class solutions driven by technical expertise.”

What We Do

JTC is an award-winning provider of depositary solutions for Ireland, Luxembourg and UK domiciled alternative investment fund managers (AIFMs) and AIFs as well as solutions for non-EU AIFs marketed in Europe and the UK.

 

We possess significant depositary experience across a broad range of asset classes ranging from private equity, real estate, and infrastructure funds to hedge funds.

We support AIFs administered through JTC fund administration services, as well as third-party fund administrators or self-administered.

KEY STATISTICS

  • US$40bn+ Assets Under Depositary
  • 45 Dedicated depositary staff
  • 175+ Alternative Investment Funds
  • SOC1/ ISAE3402 Assured
  • Proprietary DEPOcheck technology
Ireland

In Ireland, depositary services are provided via INDOS Financial (Ireland) Depositary Limited (INDOS Ireland), a JTC Group Company.

INDOS Ireland provides depositary services to authorised, non-retail AIFs which are closed-ended and generally do not invest in financial instruments. These AIFs will typically invest in private equity, real estate, or infrastructure asset classes.

INDOS Ireland is authorised by the Central Bank of Ireland as an investment business firm under section 10 of the Investment Intermediaries Act, 1995, as amended.

Luxembourg

JTC Luxembourg (JTCL) specialises in Alternative Assets, operating under the Alternative Investment Fund Managers Directive (AIFMD) regime.

Our approved operating model and market-leading team in Luxembourg can assist you with all AIFMD-requirements, including onboarding, cash flow monitoring, ownership verification, record keeping and oversight duties.

JTCL’s bespoke depositary solution can be delivered as a standalone service or as part of our integrated Central Administration, AIFM and Corporate Services offering in Luxembourg. JTCL is regulated by the Commission de Surveillance du Secteur Financier (CSSF).

United Kingdom

In the UK, depositary services are provided via INDOS Financial Limited (INDOS), a JTC Group Company.

INDOS is an industry-leading depositary service provider, offering full scope depositary (UK AIFs) and depositary-lite (non-EU AIFs) services to a broad range of AIFs managed by UK and other non-EU AIFMs.

INDOS Financial Limited is regulated by the Financial Conduct Authority.

People

Offices

JTC is an international organisation with global reach and true cross border capability. Our depositary services are directly supported from the following offices:

Latest

Our resources and strengths

We value shared ownership

We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We invest in people

Over 85% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology

We operate a variety of best-in-class systems to deliver and maintain an impeccable standard of administration and use technology to innovate in both service delivery and efficiency.

We value relationships

We aim to work with clients who share our belief in the importance of building strong relationships over time.

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