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SEI is the largest non-bank depositary in Ireland by AUM2, with expertise, tools, and processes to support a variety of asset classes.

The EU depositary landscape is characterised by robust, evolving regulatory oversight, advancements in technology and a critical focus on investor protection. Depositaries must remain agile and innovative to meet the demands of fund managers and investors.

The Alternative Investment Fund Managers Directive (AIFMD) establishes a regulatory framework for alternative investment fund managers (AIFMs) in the EU. AIFMs are required to appoint a depositary, which includes roles such as custodian and trustee.

 

Why choose SEI?

SEI is the largest non-bank depositary in Ireland by AUM2 and the second largest depositary for non-Irish funds in Ireland by AUM2.

25+

years of depositary experience

$106B

assets under depositary¹

430+

funds¹

Our clients benefit from:

  1. 30 years of experience in technology and operational solutions in Europe, supported by a centralised team in both Luxembourg and Dublin that is fully aligned with your culture and products, ensuring efficient processes and communication.
  2. Expert depositary teams, comprised of seasoned industry professionals across diverse asset types, including alternatives, providing a comprehensive and reliable depositary service.
  3. A single point of contact for all your fund requirements. Seamless integration with our fund administration solution eliminates the need for multiple providers.
  4. Support for a wide variety of asset classes. As the largest non-bank depositary in Ireland by AUM2, we have the existing expertise, tools, and processes to meet the unique nature, scale, and complexity of your fund(s) and regulatory obligations.
     

Depositaries in multiple jurisdications

SEI’s depositary services are available as part of a wider suite of fund administration services or on a standalone basis where we connect with our clients’ fund administration platforms.

In Ireland, we provide depositary services to UCITS and AIFMD funds.

In Luxembourg, we provide depositary services to alternative investments funds (AIFs)3.
 

1 Data as of March 31, 2024

2 Monterey Insight Ireland Fund Report 2023

3 As defined in the Article 14 of Circular CSSF 18/697

Wealth and Asset Managers