AIFMD Implementation

A business case, client communication program and internal training, to cover the full implications of new AIFMD regulations for our client and its customer base.

Client Challenges

The Alternative Investment Fund Managers Directive (AIFMD) introduced new requirements in relation to fund distribution, depositary provisions and reporting obligations for managers of alternative assets. Our client has a well established custody business across Europe, but only had depositary capabilities in Ireland and Luxembourg.

The challenge was to firstly develop new depositary and reporting capabilities, secondly expand their depositary services business into the UK and the Netherlands, and finally create a European depositary operations centre of excellence.

Alpha Approach

  • Alpha worked with our client to define the business case for the programme, which necessitated an investment of $20m+ and the recruitment of c.100 contractors and c.70 new employees
  • Alpha developed knowledge generation collateral to up-skill relationship managers on this key industry development and to support their business development in relation to AIFMD
  • Alpha built and rolled out a complex and wide-reaching client communication effort.

Client Benefits

The training provided to our client’s relationship managers gave them the confidence to engage their clients on a strategic partnership level regarding AIFMD. This strengthened their client relationships, and demonstrated leadership and proactive preparation with regard to a complex regulation.

The AIFMD-related capabilities were delivered on time and within the respective regulatory timeframes.

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Client Types

  • Leading asset servicing business

Sponsor

  • Head of Depositary Services
  • Head of Operations

Functions

  • Depositary services
  • Custody
  • Investment and operations
  • Legal

Geographic Scope

  • Europe

Fund Types

  • Alternatives