sub-custodian monitoring

Sub-custodian monitoring can be eased for network managers with an industry standard due diligence questionnaire. Watch our video with AFME

One of the most discussed topics to have arisen out of the Alternative Investment Fund Managers Directive (AIFMD), at least from a banking perspective, has been the imposition of ‘strict’ liability upon depositary banks for any losses incurred at the depositary or third party to whom custody of financial instruments has been delegated (Article 21, chapter 12 of AIFMD).

We are delighted to announce that Morgan Stanley has selected Thomas Murray Data Services (TMDS) to assist it with its efforts in monitoring its sub-custody and cash correspondent bank relationships globally.

Thomas Murray Data Services is delighted to announce that Marie Ellis has joined the company in the role of senior bank analyst in TMDS’s Agent Banking Group. Marie joins from Brown Brothers Harriman where she headed the Network Management team in London and held various relationship management and client service roles during the last 11 years.