Approved stamp

Augentius Depositary secures FCA authorisation

Wed, 09/07/2014 - 16:05

Augentius Depositary Company Limited has received authorisation from the Financial Conduct Authority (FCA) to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).

David Bailey, chief executive officer at Augentius Depositary, says: “We have worked hard to create a sophisticated but un-intrusive depositary capability, whilst at the same time ensuring that all the oversight requirements as set out by the Directive are fully and properly met.
 
“Augentius Depositary is a stand-alone business, segregated from our fund administration business, with expert staff and dedicated systems. We are already acting for a number of fund management groups and we see depositary work as an increasingly important aspect of the services we provide to private equity and real estate managers around the globe.”


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