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European Depositary Bank ("EDB"), the Luxembourg-headquartered provider of banking, depositary and custody solutions, today announces the expansion of its relationship with Arab Bank (Switzerland) Ltd. ("ABS"), in its capacity of portfolio manager of AB Alternative Fund SICAV-SIF, to provide depositary services.
Founded in Switzerland in 1962, ABS offers private banking services for high-net-worth individuals and entrepreneurs. EDB has been selected to provide depositary services for 32 bank accounts for 14 special purpose vehicles ("SPVs") belonging to AB Alternative Fund SICAV-SIF, which is a €300m pan-European commercial real estate investment fund managed by ABS.
As part of Apex Group, EDB is one of the largest providers of depositary services in...
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