EDB appoints Global Head of Banking Depositary
European Depositary Bank (“EDB”), the Luxembourg-headquartered provider of banking, depositary and custody solutions, today announces the appointment of Executive Management Board Member, Holger Barth as Global Head of Banking Depositary.
As part of Apex Group, EDB is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds. In this newly created role, Mr. Barth will continue to manage and oversee the depositary bank function for €178.3bn Assets under Depositary and €24bn Assets under Custody (as of March 31, 2023) across regulated jurisdictions including Luxembourg, Ireland, UK, and Malta.
Mr. Barth brings extensive experience having worked for over three decades in the international financial services industry and in jurisdictions including Luxembourg, Germany and Ireland. Prior to joining EDB in 2021 as Managing Director and Member of the Executive Management Board, Mr. Barth was Head of Investor Services at SEB, managing the depositary bank function and held senior roles at Crédit Suisse (Luxembourg) S.A., latterly as Director, Head of Depositary Bank.
This latest news follows the appointments of David Claus as CEO of EDB, and of Cecilia Gejke, Robert Steele and Jean-François Thils as Members of the Executive Management Board, and Gilda B. Neiman as a Member of the Board of Directors. Recently announced client wins for EDB include Arab Bank for digital bank accounts, and GenTwo and Mikro Capital for paying agent services.
Holger Barth, Global Head of Banking Depositary, Executive Management Board Member comments: “Since joining EDB in 2021, I have been impressed by the work of our highly skilled teams, who provide full depositary and depo-lite services to a wide range of clients under the UCITS and AIFM directives. I look forward to leading our Depositary business as we continue to act as an expert support function, delivering exceptional service and robust solutions that run seamlessly alongside our clients’ fund administration requirements.”
About European Depositary Bank
European Depositary Bank (“EDB”) was founded in 1973 in Luxembourg. It was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO (AG & CO) KGaA and was acquired by Apex Group Ltd (“Apex Group”) in 2019. EDB is supported by Apex Group’s strong global network and is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with €178.3bn Assets under Depositary and €24bn Assets under Custody (as of March 31, 2023).
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About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.