Alter Domus has become the first service provider to be authorised by the Luxembourg Financial Regulator to act as a professional depository.
The firm provides administration services to alternative investment funds and multinational corporations internationally.
Alter Domus has launched a depository service to support its clients in meeting the new requirement for funds captured under the Alternative Investment Fund Managers Directive (AIFMD) to appoint an independent depository.
CEO Laurent Vanderweyen said: “This is a natural evolution of our product offering, allowing us to provide a complete solution to private equity and real estate firms globally. We provide our clients with a vertically integrated approach, from outsourced fund administration to management of local companies, to which the depository function is now added”.
Fabrice Buchheit, head of depository services, said: “I am proud to announce that Alter Domus is the pioneer in providing professional depository services in Luxembourg. This approval demonstrates the quality and ability of Alter Domus in being able to provide this service, meeting the high level of professionalism expected by the Luxembourg Financial Regulator and the new requirements set by [AIFMD].”
Alter Domus will provide full depository services to private equity and real estate clients. Subject to regulatory approval from the Financial Conduct Authority, the firm also plans to launch depositaory services in the UK.
