Depositary & Trustee

Expert global trustee and depositary servicing  

Meeting the highest fiduciary standards

The trustee and depositary regulatory landscape has evolved significantly in recent years, highlighting the need for an experienced, effective, and disciplined trustee and depositary team.

 

BBH provides trustee and depositary services to investment funds domiciled in Luxembourg, Ireland, Cayman, and Hong Kong.  Leveraging our global expertise and local resources, our teams meet the highest fiduciary standards in the performance of our obligations.

 

With decades of experience and active engagement in industry forums, we have a deep understanding of multi-jurisdictional regulatory requirements. We are uniquely positioned to help you navigate, and stay ahead of, global best practices and regulatory developments.

Setting the industry standard

Our core offering includes:

  • Asset safe keeping and supervision (record keeping and ownership verification)
  • Cash monitoring
  • Oversight of funds operations:
    • Detailed due diligence and ongoing monitoring of the fund delegates
    • Investment restriction oversight
    • Asset valuation/NAV oversight
    • Income distribution oversight
    • Transfer agency oversight (subscription/redemption)
    • Timely settlement of transactions oversight

Our Cayman Trust Company serves as trustee to a number of open and closed-ended unit trusts established in the Cayman Islands. We have a robust fund governance program and are continuously evolving with regulatory and environmental changes impacting the risk profile of our business and clients.

The trustee and depositary teams are functionally separately from our custody, fund accounting, and transfer agency teams in order to ensure independence in meeting the trustee and depositary oversight responsibilities.

We have been looking after our clients’ assets for more than 200 years; a focus that permeates the culture of the firm.

Our people are recognized experts in depositary and trustee servicing, sitting on, or chairing, many industry associations and working groups globally. We are known for our ability to perform our duties across multiple jurisdictions to a consistent set of processes and controls, and are held in high regard by regulators globally.

Our team of experts and our deep engagement with industry groups and regulators in each of our jurisdictions allow us to provide the highest level of fiduciary oversight for our clients.



Matthew Heffernan

Managing Director
Boston, MA | USA

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Depositary and Trustee Disclosures

Brown Brother Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries. This material is for general information and reference purposes only and does not constitute legal, tax or investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. This material does not constitute an offer or solicitation to sell or buy securities, services or investment products in any jurisdiction where, or to any person to whom, it would be unauthorized or unlawful to do so. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted without the permission of BBH. Pursuant to information regarding the provision of applicable services or products by BBH, please note the following: Brown Brothers Harriman Fund Administration Services (Ireland) Limited and Brown Brothers Harriman Trustee Services (Ireland) Limited are regulated by the Central Bank of Ireland, Brown Brothers Harriman Investor Services Limited is authorized and regulated by the Financial Conduct Authority, Brown Brothers Harriman (Luxembourg) S.C.A. is regulated by the Commission de Surveillance du Secteur Financier. All trademarks and service marks included are the property of BBH or their respective owners.

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You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

 
1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see bbhluxembourgfunds.com


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