Since the start of the pandemic in March 2020 RBS International Depositary Services has made a number of appointments and promotions to its local team in Luxembourg as the Bank enters a phase of considerable growth in its depositary operations in the alternative funds industry despite the pressure put on the market due to the global pandemic.
The team has expanded by over 70% since February 2020 to cater to the growing client base within RBS International Depositary Services which has seen assets under management grow 13% and year on year new business reach 150% so far in 2021.
The roles, which span junior to leadership level, are focussed on the core areas of the business in the Bank’s Luxembourg operation - fund governance, due diligence, business...
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