NatWest TDS appointed depositary by Octopus Investments

Octopus Investments, part of the Octopus Group, is a B-Corp certified investment company, managing more than £13.4 billion on behalf of over 63,000 investors. NatWest TDS will provide independent depositary services, overseeing how a proportion of existing Octopus Investments UK funds are managed and keeping their investors’ assets safe.

Matthew Hiscock, Head of Alternative Funds Business Development UK, NatWest Trustee and Depositary Services said:

“We are thrilled to have won this competitive bid process where we were selected by the respective Fund boards to take on almost £2 billion AUM across 13 existing Octopus Investments UK vehicles.

“NatWest TDS has again demonstrated our proven track record and ability in transferring multiple existing Funds onto our books and records in a smooth, safe and secure manner. We look forward to our evolving relationship with the Octopus Investments team and supporting their future AIFMD obligations.”

Octopus Investments invests across a range of sectors including venture capital, sustainable infrastructure, renewable energy, real estate, healthcare and smaller listed companies.

Alex Bem, Financial Controller, Octopus Investments said:

“NatWest has a great reputation within this market. After a rigorous tender process, we selected the NatWest team for their expertise, fair pricing and the excellent feedback we received from their existing clients. We look forward to working with the team and unlocking their specialist knowledge for the benefit of our funds and investors.”

NatWest TDS, a subsidiary of RBS International, provides independent trustee and depositary services in the UK alongside RBS International Depositary Services S.A. in Luxembourg, operating in both the traditional (UCITS) and alternative funds markets. Established over 80 years ago, with combined assets under trusteeship of £515 billion, the team supports a full range of fund types, sizes and levels of complexity.