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UBS Fund Services launches its Depositary "Lite" platform
New York, NY, London, Hong Kong, Zürich – March 4 2014 – UBS Fund Services, a global fund administrator, today announced the launch of its Depositary "Lite" platform to support managers of offshore funds fulfil the requirements of the Alternative Investment Funds Directive ("AIFMD"). UBS will conduct the cash flow monitoring, safekeeping and general oversight requirements as required by the Directive which will be a change to the existing framework for offshore funds. This new service is one of many new product offerings that UBS Fund Services will bring to market in 2014 to further support managers target European capital.
David Rochford, Head of Regulatory Product Development at UBS Fund Services said, “We offer the full range of Depositary Lite services to meet clients' Alternative Investment Funds (AIFs) requirements or preferred service model. Our platform can be deployed as part of a split service model working alongside other providers, or as a one-stop shop solution." He added, "Together with our team of dedicated specialists, we are able to guide clients through the on-boarding process, making delivery of the Depositary Lite framework as seamless as possible."
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Megan Stinson UBS Media Relations +1 212 713 3379
Ollie Gadney UBS Media Relations +44 20 7568 9982
Mark Panday UBS Media Relations +852 29 71 82 21
Gavin Byrnes UBS Fund Services +44 20 7901 6052
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Notes to Editors
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About UBS Fund Services
UBS's Fund Services business is a global fund administrator providing professional services for investment funds, fund of hedge funds, private equity and real estate structures. Whether you manage traditional or alternative investments, our teams can offer you a customized and flexible solution. Through our comprehensive range of services and products, industry leading technology platforms and superior client service, we work in partnership to meet your every need. Go to www.ubs.com\fundservices for more information.
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