Alter Domus, a fund and corporate services provider for alternative investment funds and multinational corporations, has secured the go-ahead from the Malta Financial Services Authority serve as a depositary in Malta.
Following the approval, the firm will be able to act as a custodian in relation to certain types of alternative investment funds.
Alter Domus CEO Laurent Vanderweyen remarked: "We have recently made significant investment in the growth of our Malta office and this approval allows us to provide a complete solution to private equity and real estate firms globally, including enabling us to start onboarding those clients that will now appoint us as their depositary in Malta."
The firm has introduced a depositary service to help the alternative fund industry comply by the new fund requirements under the Alternative Investment Fund Managers Directive (AIFMD).
In order to be compliant with AIFMD, a depository is required to safekeep assets, monitor cash flows and execute other oversight duties such as fund compliance and transactions with investors.
Alter Domus will offer full depositary services to private equity as well as real estate clients, which includes those investing in infrastructure and debt.
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By GlobalData