In the constantly evolving world of fund governance, it appears that the role of one key participant remains poorly understood by many fund board directors – that of the depositary. Could boards be missing an important opportunity to make more effective use of the independent data and insights that their depositary provides?
In this final session of FBC’s iNED Bootcamp 2021, Shiv Taneja is joined by funds lawyer and fund board independent director, Kirstene Baillie and Mark Crathern, Head of NatWest Trustee and Depositary Services to examine how the relationship between depositary and fund board is changing and the opportunities for depositaries to step out of the shadows and more actively engage with directors – both executive and independent – to better support them as they discharge their fund governance responsibilities.
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iNED and Partner at Fieldfisher LLP
Kirstene’s background is as a financial services specialist lawyer, with over 30 years’ experience in acting for asset managers in relation to investment funds and products.
Although best known for advising household names in relation to regulated funds, her practice evolved, with the globalisation of fund management businesses, to cover a wide range of international funds and products including alternative investment funds of a variety of descriptions, and insurance & pension products.
Head of NatWest Trustee and Depositary Services
Mark joined the NatWest Group in October 2019 to lead the Trustee and Depositary Services business for the organisation, including leading the NatWest Trustee and Depositary Services Limited and RBS International Depositary Services S.A. legal entities.
Mark has more than 30 years experience in the Financial Services sector and previously held the position as MD, Global Head of Corporate Trust and Loan Agency at HSBC between 2010 – 2019.
Read more about the role of the depositary
from NatWest Trustee and Depositary Services
Depositary Insights – March 2021
In the March edition of our Depositary Insights report, we share the latest thinking on regulatory and industry developments.
Executive Orders: the impact of iNEDs
The services of independent directors are giving fund boards a boost, argue the proponents of the regulation.
A valuable year
At a recent NatWest Trustee and Depositary Services webinar, funds industry figures convened to discuss progress made in the first year of the Value Assessment Reporting regime, and prospects for the future.