Ipes gets FCA authorisation 09 July 2014London Reporter: Catherine Van de Stouwe
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Ipes Depositary has received authorisation from the Financial Conduct Authority to act as a private equity Alternative Investment Fund (AIF) depository under the alternative investment fund managers directive.
The depositary currently acts for 118 AIFS, representing $49 billion in commitments for 25 private equity clients.
Ben Cook, managing director of Ipes UK says: "We are delighted to receive our AIF depositary licence.”
“Clients tell us that our pragmatic, technology based approach is the reason they selected us. With our licence in place, we look forward to building long lasting Depositary relationships with existing clients and welcoming new clients to our service."
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