Depositary Services

Independent depositary services UK & Luxembourg

This service is for use by Authorised Fund Managers only and not private individuals. NatWest Trustee and Depositary Services and RBS International Depositary Services are a subsidiary of The Royal Bank of Scotland International (Holdings) Limited.

On this page

Our proposition

Why us?

Where we're based

Our privacy notice

Insights

Read the Annual Best Execution Report for 2020

Key contacts

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.

No bundling and no conflict of interest Close

No bundling and no conflict of interest

Asking the right questions: our independence means we're not afraid to challenge you, your custodian, your fund administrator or your transfer agent. You can be sure we'll ask the right questions before the regulator does.
For services in the UK, you choose the custodian: because we don't bundle with other services, we're not wedded to one provider. So you can choose the custodian that’s right for you from the major providers that we work for.
Governance: it's not something we bolt on to other products. We have over 180 people dedicated solely to trustee and depositary services. That means they don’t miss a beat on industry-wide trends or upcoming regulation, and they'll proactively bring you insights to make your fund more secure than ever.
Know what you're paying for: not bundling services also means you’re clear where your money’s going, there are no issues cross subsidising one service to the potential detriment of another. One service with one transparent price.

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.

Experience you can rely on Close

Experience you can rely on

A market wide view of best practice: our market share means we can compare your performance to over 1,000 other funds on measures that matter - like liquidity management and ESG criteria.
Decades of good governance: we've got over 80 years of experience in trustee and depositary services - one of the first clients we took on in 1935 is still with us today. So whatever challenges your fund faces, it's likely we've seen it before.
Scalable and sizeable AUM: we currently look after c£400bn in traditional and alternative assets, giving us the capacity, knowledge and experience to support a full range of fund types, sizes and levels of complexity**.

Our scope

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

See our full list of asset types Close

Asset types

Equities
Derivatives
Cash
Near cash
Private Equity
Real Estate
Debt
Collective investment schemes (CIS)
Fund of Funds
Structured products
Secured loans
Subsidiary companies
Infrastructure

*UT and OEIC sectors as of 2019. Data Source: Scheme Names and Values from Morningstar, FCA Register and AFM websites. **AUM figures vary with market changes, subscription and redemption levels.

Get in touch to find out more

To speak to one of the team, please call:

Calls may be recorded.

London

Neal King

Senior Director, Business Development

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

Luxembourg

Amelia Phillips

Head of Alternatives, Luxembourg

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

Where we're based

London and Edinburgh

London
NatWest Trustee and Depositary Services Limited
Level 3
440 Strand
London
WC2R 0QS

Edinburgh
House A, Floor 0
Gogarburn
175 Glasgow Road
Edinburgh
EH12 1HQ

Luxembourg

Luxembourg
RBS International Depositary Services
The Square
40 Avenue J.F. Kennedy
L-1855
Luxembourg

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.

View Privacy Notice

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.

View Privacy Notice

RBS International Depositary Services Luxembourg intermediate ownership changes

NatWest Group is reorganising its European activities in order to comply with the latest Capital Requirements Directive.

Find out what the changes mean for you

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.

Top 5 Broker & Execution Quality Report for 2020 (PDF, 145 KB)

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.