Alter Domus expands depositary services to Malta

Malta on mapFund administrator Alter Domus has gained approval to act as a depositary in Malta, giving it the same capabilities as it has in Luxembourg to service global alternative funds. The firm has obtained an investment services licence from the Malta Financial Services Authority, allowing it to act as a custodian in relation to certain types of alternative investment funds. Alter Domus launched a depositary service to support the alternative fund industry in light of new requirements for funds under the Alternative Investment Fund Managers Directive (AIFMD) that stipulates the need for an independent depositary. It will provide full depositary services to private equity and real estate clients, including those investing in infrastructure and debt. A depositary compliant with the AIFMD is required to safekeep assets, monitor cash flows and carry out other oversight duties including fund compliance and transactions with investors. According the firm’s chief executive officer, Laurent Vanderweyen, chief executive officer at Alter Domus, says: “We have recently made significant investment in the growth of our Malta office and this approval allows us to provide a complete solution to private equity and real estate firms globally, including enabling us to start onboarding those clients that will now appoint us as their depositary in Malta.” ©2015 funds europe

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