Bank announced its Alternative Fund Services business received the ‘Best Administrator – Managed Account Services’ award at HFMWeek magazine’s European Hedge Fund Services Awards Event which was held in London on March 28, 2012.
HFMWeek’s European Hedge Fund Services Awards are designed to recognize companies that have outperformed their peer group over the course of 2011. The awards recognize institutions who have demonstrated financial progress, growth and innovation across a number of different business areas. Deutsche Bank’s Alternative Fund Services was selected from a list of six finalists by a panel of judges comprising senior level industry executives.
With the industry witnessing another upswing in the use of managed accounts, the judges felt that Deutsche Bank, with its “innovative” approach was at the “cutting edge” of servicing this growing sector said HFMWeek’s panel of judges.
Mike Hughes, Head of Alternative Fund Services in EMEA and Asia at Deutsche Bank, said, “We are delighted to have received this recognition as the Alternative Fund Services team is committed to delivering best in class services to our clients. In the last year we have rebuilt our operating model and implemented a state of the art technology platform which is now being recognized by our clients and the industry.”
Deutsche Bank’s Alternative Fund Services delivers a full range of administrative and banking services to hedge funds, fund of funds and other alternative investment vehicles – including private equity funds, infrastructure funds, property and real estate funds, discretionary and private funds, and insurance-linked funds – from start-up through growth to maturity. Services include fund administration, transfer agency services, trustee services, securities custody, cash management and specialist corporate services in a number of tax-neutral locations.