JTC enhances fund platform with Luxembourg depositary licence
07 March 2019 Luxembourg
Image: Shutterstock
JTC can now offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg after it was granted a depositary licence by Luxembourg’s Ministry of Finance.
According to JTC, the new licence significantly strengthens its capabilities within the EU, enabling it to offer a comprehensive Alternative Investment Fund Managers Directive compliant solution to private equity, real estate and other alternative managers.
JTC is also able to offer depositary services in the UK through its partnership with Indos.
Xavier Duhem, director of depositary services, JTC Luxembourg, said: “Being granted this licence puts us in a very strong position in Luxembourg to provide a full service, one-stop-shop to fund managers’ clients, building on our existing and highly successful strategy in the jurisdiction.”
He added: “We have already received significant interest in our new depositary service and, particularly against a backdrop of Brexit-driven uncertainty, we fully expect this trajectory to continue, as asset managers look for a robust, seamless and certain platform to support their EU distribution ambitions.”
According to JTC, the new licence significantly strengthens its capabilities within the EU, enabling it to offer a comprehensive Alternative Investment Fund Managers Directive compliant solution to private equity, real estate and other alternative managers.
JTC is also able to offer depositary services in the UK through its partnership with Indos.
Xavier Duhem, director of depositary services, JTC Luxembourg, said: “Being granted this licence puts us in a very strong position in Luxembourg to provide a full service, one-stop-shop to fund managers’ clients, building on our existing and highly successful strategy in the jurisdiction.”
He added: “We have already received significant interest in our new depositary service and, particularly against a backdrop of Brexit-driven uncertainty, we fully expect this trajectory to continue, as asset managers look for a robust, seamless and certain platform to support their EU distribution ambitions.”
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