Deutsche wins depository mandate from Marshall Wace
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Deutsche wins depository mandate from Marshall Wace 26 June 2014London Reporter: Tammy Facey
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Deutsche Bank Fund Services has won the mandate for asset management firm Marshall Wace’s new London-listed P2P Global Investments.
Under the agreement, Deutsche Bank will provide P2P Global Investments with a regulated service including fund oversight, verification and safekeeping of assets and daily cash flow monitoring from its Luxembourg branch.
CFO Marshall Wace said that Deutsche Bank’s “track record and expertise made them a clear choice”.
“We are pleased to be able to extend the overall bank relationship with Marshall Wace with this integrated solution,” added Mike Hughes, global head of fund services at Deutsche Bank.
“This ‘plug and play’ capability sets Deutsche Bank apart from its competitors. Deutsche Bank is known to be able to deliver on innovative and ground-breaking transactions and this is another such mandate.”
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