Deutsche Bank Fund Services has won a depositary mandate from Marshall Wace’s new London-listed investment trust, P2P Global Investments.
“Deutsche Bank’s track record and expertise made them a clear choice,” said Michael Sargent, CFO of Marshall Wace.
As depositary, Deutsche Bank provides a regulated service that includes oversight of the fund, verification and safekeeping of assets and daily cash flow monitoring through its Luxembourg Branch.
“We are pleased to be able to extend the overall bank relationship with Marshall Wace with this integrated solution – creating synergies between our award winning fund services platform and our loan administration services to deliver a competitive and industry-leading AIFMD depositary service. 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”, says Mike Hughes, global head of Fund Services, at Deutsche Bank.
Marshall Wace Mandates DB for New Investment Trust
Deutsche Bank Fund Services has won a depositary mandate from Marshall Wace’s new London-listed investment trust, P2P Global Investments.