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European Depositary Bank Underpins Compliance Efforts With Thomas Murray Data

by David Dickinson

European Depositary Bank (“EDB”), a wholly owned subsidiary of global financial services provider Apex Group Ltd. (“Apex”), has selected Thomas Murray’s data and monitoring services to underpin its robust compliances procedures. 

EDB is a Luxembourg-based bank, with branches in Ireland and Malta, delivering custody, depositary, digital banking and paperless onboarding services. The Apex subsidiary will benefit from Thomas Murray’s independent analysis and unique universe of operational risk data, further enhancing its monitoring of the markets and counterparties holding its clients’ invested assets.  EDB will take Thomas Murray’s CSD and Market Asset Safety Risk Assessments, as well as participating in the Transfer Agency monitoring programme. 

With the increased regulatory onus placed on depositary banks since AIFMD and UCITS V were implemented in 2014, many banks have struggled to find the sufficient resource and expertise in-house to meet the new requirements. As one of the most experienced depositaries for traditional and alternative investment structures in Luxembourg, EDB will benefit from additional synergies and regulatory comfort through its new relationship with Thomas Murray. 

Simon Thomas, Thomas Murray’s Executive Chairman, said: 

The Apex Group is one of the largest financial services providers in Luxembourg, and its subsidiary EDB is at the core of its unique capabilities as an independent business delivering a single-source solution. I am pleased EDB has chosen Thomas Murray to support its global compliance efforts and am confident that the bank will find extraordinary value in our data and analysis.” 

 Rüdiger Tepke, Managing Director of EDB, said:

We are pleased to announce a new partnership with Thomas Murray, which will include due diligence support. Their extensive expertise in relation to market insights, in addition to leveraging leading technology, enables us to access critical information and insights while monitoring the respective markets, enhancing an important element of our due diligence process. As part of the Apex Group we are continually evolving our capabilities and innovating in both process and technology; the partnership with Thomas Murray complements this strategy and enhances our service offering.” 

To discover how Thomas Murray can assist your counterparty monitoring and compliance, please contact:

David Dickinson, Director

+44 (0) 20 8600 2310