Trustee and depositary services | Royal Bank of Scotland

Trustee & Depositary Services

Trustee & Depositary Services

As the largest trustee and depositary in the UK, Royal Bank of Scotland Trustee & Depositary Services (‘TDS’) provides services to over 1,100 collective investment schemes (‘CIS’), including alternative investment funds (AIFs), UCITS and other UK CIS. In fact, TDS serves around 42% of the UK-authorised CIS industry – more than any of our competitors. We also work with more management companies and more funds than any other trustee.

TDS is also the only independent depositary to CIS in the UK, which removes any potential conflicts of interest. Find out why this makes a big difference for clients and how our nearly 80 years of experience could help your business by looking at the Indpendence section.

How we can help

We offer trustee and depositary services to authorised unit trusts, alternative investment funds (AIFs) and open-ended investment companies (OEICs) constituted under the FCA's Collective Investment Schemes (COLL) sourcebook and FUND sourcebook.


 

Products and services

 

Variety of products
TDS serves UCITS, AIFs (AIFMD-authorised), investment trusts and unauthorised schemes. We also have 25 years’ experience with property / real estate funds.

 

Relationship management
Every client has a dedicated relationship manager who has a full understanding of business needs and identifies the right solutions.

 

Risk and compliance
This team ensures that all relevant regulations are followed within TDS and provides support for clients. This includes compliance monitoring, regulatory and technical matters, external compliance, risk management and custodian oversight and governance.

 

Legal expertise
Our in-house legal team provides support across a range of specialist funds and a full spectrum of fund events, keeping external legal costs to an absolute minimum.

 

Custody monitoring
We offer enhanced governance of all participants in the custody chain.

 

Distribution reconciliation
This dedicated team manages automated reconciliation of bank accounts plus a selection of additional value-added services.

 

Derivatives expertise
Our experienced risk management team independently monitors, measures and assesses the investment risks associated with any fund using derivatives.


 

Industry and service provider updates

Regular updates
We send out commentary and analysis on issues relevant to the fund management community on a quarterly basis.

 

Transparency
Detailed management information is available on our own performance as well as that of delegates.


 

Events

Workshops and forums
Private workshops and open forums are available to update you on regulatory and industry changes.

 

Semi-annual conferences
These free events provide opportunities to hear from and meet key players in the industry.

Independence

Royal Bank of Scotland Trustee & Depositary Services (‘TDS’) is the only depositary to CIS in the UK market that is not tied to any one service provider. This is important because it allows TDS to:

  • remove any potential conflicts of interest, whether perceived or real
  • freely share best practices and recommend improvements, both internal and external
  • provide clients the ability to select the optimum mix of service providers
  • align with the governance promoted by European and UK regulations, such as AIFMD
  • focus solely on depositary services, thus increasing our transparency
  • benchmark custodians, offering our clients transparent and independent MI
  • compare performances of transfer agents and fund accountants
Fees Apply to this service.
Get in touch Contact us
Call us

Talk to our experts about collective investment schemes, authorised unit trusts, open-ended investment companies and other investment services.

0207 678 7686.
Text Relay 18001 020 7678 9052
Mon to Fri 9am-5pm (excl. public holidays)
Calls may be recorded.

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