Depositary Services

Independent depositary services UK & Luxembourg

Protecting funds. Protecting end investors.

We are the largest provider of independent trustee and depositary services in the UK and have a growing business in Luxembourg - overseeing how funds are managed, and keeping investors' assets safe. We operate in both the traditional (UCITS) and alternative fund markets, see our full list of asset types here.

Why us?

Our independence

Trustee and Depositary services is all we do. That means our sole purpose is making sure your investors' money is being looked after, with no bundling and no conflicts of interest.

Our scale

We're the biggest independent depositary service provider in the UK, with c30% of the market*, and have a growing business in Luxembourg. With our experience, our AUM levels and our broad client base, you know that whatever the size and shape of your fund, we can handle it.

Our scope

Our experience and size means we have the breadth of knowledge to support a wide range of asset types. 

Get in touch to find out more

To speak to one of the team, please call:

Calls may be recorded.


Neal King

Senior Director, Business Development

Mob: +44 (0)7929 651246
Email: neal.king@natwesttds.com


Amelia Phillips

Head of Alternatives, Luxembourg

Tel: +352 691 256 003
Email: amelia.phillips@rbsint.com


Where we're based

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London and Edinburgh

NatWest Trustee and Depositary Services Limited
Level 3
440 Strand


House A, Floor 0
175 Glasgow Road
EH12 1HQ

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RBS International Depositary Services
The Square
40 Avenue J.F. Kennedy 

Our privacy notices

We encourage you to read our full privacy notice for more detailed information on how we use your information and your rights in relation to that.

NatWest Trustee and Depositary Services

Customers in the UK

Our privacy notice may be updated from time to time and we will communicate any changes to you and publish the updated notice on our Privacy Notice page.

RBS International Depositary Services

Customers in Luxembourg

Our privacy notice may be updated from time to time and we will communicate any changes to you and publish the updated notice on our Privacy Notice page.

Dealing & Custody Service, 2020 Annual Best Execution Report

Read or download a summary of how NatWest Trustee & Depositary Services Limited has met its' Best Execution requirements in 2020, in accordance with the relevant regulation and its’ Client Order Execution Policy.

Keeping you up-to-date with our expert insights

From expert analysis to news and insights, our knowledgeable team will keep you up to date with latest industry developments.

The hyper connected funds ecosystem

Digital and Innovation

Jamie Broadbent and Brian Turpin discuss how new technologies could transform the funds ecosystem.

Banking Brief: Strength in diversity

Future of Work

At the latest RBS International webinar we discussed how the pandemic has made companies’ commitment to diversity and inclusion a sharper focus. 

Outcomes from COP26

ESG & Sustainability

An agreement at Glasgow has been reached, but more needs to be done in subsequent years. We highlight the key pledges from the COP26 summit and what they mean for investors.