06 Jun 2022

NatWest Trustee and Depositary Services secures new deal

NatWest Trustee and Depositary Services is pleased to announce they have been appointed the UK depositary for JLEN Environmental Assets Group Limited (JLEN).

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NatWest Trustee and Depositary Services appointed UK depositary for JLEN

NatWest Trustee and Depositary Services is pleased to announce that it will be continuing its relationship with Foresight Group LLP after being appointed the UK depositary for JLEN Environmental Assets Group Limited (JLEN).

The appointment builds upon RBS International’s partnership with JLEN, where just last year the leading institutional banking provider committed a £34 million contribution to a £170 million syndicated facility, supporting JLEN in its latest renewable energy investments.

JLEN is a Guernsey incorporated, London listed investment company, managing a diversified portfolio of environmental infrastructure projects and assets in the UK and Europe, including wind, solar, hydro, anaerobic digestion, waste & wastewater, and other low carbon and energy efficiency projects.

The company, which has a long-established focus on ESG, takes its environmental responsibilities seriously and seeks to ensure effective environmental management, not only of its own direct activities, but also the indirect aspects and impacts resulting from the occupation and use of its environmental infrastructure projects.

NatWest Trustee and Depositary Services’ appointment enhances its growing reputation as the leading depositary provider in the alternatives funds market, where it continues to expand its business through its respective UK and Luxembourg offerings.

Speaking of the appointment, Matthew Hiscock, Head of Alternative Funds Business Development UK, NatWest Trustee and Depositary Services, said; “NatWest TDS is delighted to once again be partnering with Foresight, where on this occasion we have been selected to act as the chosen UK depositary for the JLEN fund; which has grown from strength to strength since its successful initial public offering in 2014.

“Given the fund’s strong ESG focus, it closely aligns with our own ambitions and sustainability goals, where we aim to support clients making positive strides towards the green agenda.”

Chris Tanner, Foresight Partner and Co-lead Investment Manager for JLEN Environmental Assets Group said: ‘’We’re happy to have NatWest Trustee and Depositary Services on board to support JLEN’s ESG commitments and continue our working relationship. 

‘’We endeavour to act in a socially responsible, safe, and environmentally sustainable manner, and we are pleased that these are values that we share with Natwest Trustee and Depositary Services. We look forward to benefiting from their experience in ESG matters as we continue to develop JLEN’s own approach to ESG in the interests of investors.”

For more information contact

Matthew Hiscock
Head of Alternative Funds, Business Development UK

Email Matthew


About NatWest Trustee and Depositary Services

NatWest Trustee and Depositary Services provides independent trustee and depositary services in the UK and Luxembourg (through separate legal entities), operating in both the traditional (UCITS) and alternative funds markets. Established over 80 years ago, with £460billion in assets under trusteeship, we have the capacity, knowledge and experience to support a full range of fund types, sizes and levels of complexity. 

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