European Depositary Bank selects Thomas Murray for data services
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European Depositary Bank selects Thomas Murray for data services 29 June 2020London Reporter: Rebecca Delaney
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Thomas Murray has been chosen by European Depositary Bank (EDB), a subsidiary of Apex, to administer data and monitoring services to compliance practices.
Based in Luxembourg, EDB provides custody, depositary, digital banking, and onboarding services, which will be enhanced by Thomas Murray’s independent analysis and operational risk data, allowing for market and counterparty monitoring.
In addition to the services provided, EDB will take Thomas Murray’s central securities depositary and market asset safety risks assessments, and will participate in the transfer agency monitoring programme.
Simon Thomas, executive chairman of Thomas Murray, commented: “The Apex Group is one of the largest financial services providers in Luxembourg, and its subsidiary EDB is at the core of its unique capabilities as an independent business delivering a single-source solution. I am pleased EDB has chosen Thomas Murray to support its global compliance efforts and am confident that the bank will find extraordinary value in our data and analysis.”
Rüdiger Tepke, managing director of EDB, said: “We are pleased to announce a new partnership with Thomas Murray. Their extensive expertise in relation to market insights, in addition to leveraging leading technology, enables us to access critical information and insights while monitoring the respective markets, enhancing an important element of our due diligence process.”
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