The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.
Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.
Citi’s European Depositary coupled with the industry's largest proprietary sub-custody network, enables practical controls to be deployed, end to end, across the investment chain. Citi's depositary service apply the most stringent controls with minimal impact on the investment management process, thereby delivering value through minimising the costs and operational burdens presented by AIFMD.
“We have over 25 years’ experience offering tailored European depositary solutions and can meet the needs of all of the fund structures captured under AIFMD, including private equity, hedge, real estate and non-UCITS long funds,” says Sanjiv Sawhney, managing director, EMEA head of securities and fund services, Citi Securities and Fund Services. “This experience, together with our unrivalled proprietary network, provides risk efficiencies that deliver tangible benefits in terms of operational structure and risk adjusted fees.”
Citi’s AIFMD offering is available to fund managers across its 12 European centres, including Ireland, Luxembourg, Netherlands, Sweden and the UK.
GFM’s comprehensive AIFMD Implementation Guide 2013 is available to download here