European Depositary Bank

What European Depositary Bank does

European Depositary Bank SA (EDB) is a Luxembourg credit institution founded in 1973 and wholly owned by Apex Group since 2017. From headquarters in Munsbach and regulated branches in Dublin and Malta, EDB provides depositary, custody, and corporate banking services exclusively to institutional clients — asset managers, family offices, corporates, and financial institutions — across traditional and alternative investment structures including real estate, private equity, private debt, and infrastructure. As of March 31, 2026 the bank reports €236 billion ($271 billion) in fund and securitisation structures under depositary across 760+ funds, plus €41 billion ($47 billion) in assets under custody.

The core product set consists of full and lite depositary services under UCITS and AIFM directives, global custody delivered through a partnership with Citi across 104 markets in an SSAE 16 Type II-audited environment, and a Digital Banking Platform supporting 18 currencies for balances and 33 for payments, with account opening in 5 days. The bank also operates a PSD2-compliant RESTful Open Banking API built on the NextGenPSD2 Framework v1.3.6, and offers brokerage, FX, cash management, and financing solutions via a network of prime brokers and sub-custodians including Clearstream, Deutsche Bank, BNP Paribas, UBS, Goldman Sachs, Morgan Stanley, and Interactive Brokers.

EDB earns revenue primarily through recurring depositary and custody fees on the regulated fund book plus transaction-based fees on banking, FX, brokerage, and payment activities; pricing is quote-based under multi-year institutional contracts. Distribution is via direct relationship management, the Digital Banking Platform, and the broader Apex Group ecosystem (FundRock, FundRock LIS, Holtara). The firm employs 101-250 staff, is supervised by CSSF, the Central Bank of Ireland, and the MFSA, and reports using AI and automation for structured-data process efficiency.

Name

European Depositary Bank

Legal name

European Depositary Bank SA

Website

https://europeandepositarybank.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

European Depositary Bank is a Luxembourg credit institution owned by Apex Group providing UCITS/AIFM depositary, global custody, and corporate banking services to institutional asset managers, family offices, corporates, and financial institutions, with €236 billion under depositary across 760+ funds.

Ownership category

akta.pro rank

Product category

Institutional Depositary and Custody Banking

NAICS

Commercial Banking (52211)

SIC

Functions Related To Depository Banking, Nec (6099), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Fund Depositary (UCITS/AIFMD & Trustee Oversight) (FSAAAOAC)

akta.pro secondary industries

Fund Custody & Depositary Services (UCITS/AIFMD & Mutual Funds) (FSAFAHAD), Fund Custody & Transfer Agency Services (FSACAHAG), Private Banking Custody, Depository & Safekeeping Services (FSABADAI)

Keywords

• Depositary services
• Global custody services
• Fund administration
• Corporate banking services
• Asset servicing

Headquarters

HQ city

Münsbach

HQ country

Luxembourg

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Depositary Services: Full depositary and depositary lite services under UCITS and AIFM directives for fund assets, including recordkeeping of assets, due diligence, cash flow monitoring, and oversight and controls. Cross-jurisdictional services from Luxembourg, Ireland and Malta.
2. Global Custody Services: Custody services through Citi partnership covering safekeeping, transaction processing, settlements, income collection, corporate actions, proxy services, paying agent, registrar and transfer agent functions across 104 markets.
3. Banking Services: Corporate banking services including brokerage (equity, bonds, funds, certificates, derivatives, forex), FX services (spot and forward), cash management (payments, cash accounts, target balancing), financing solutions (bridge financing, short-term overdrafts), and institutional accounts for SPVs.
4. Digital Banking Platform Services: Digital banking platform providing multi-currency services (18 major currencies for balances, 33 currencies for payments), spot FX transactions, and automated money market fund sweeps.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

European Depositary Bank provides institutional banking, depositary, and custody services from Luxembourg, Ireland, and Malta. Core offerings are Full and Lite Depositary Services for UCITS and AIFM funds (covering 760+ funds with €236 billion in assets under depositary), Global Custody Services delivered with Citi across 104 markets (€41 billion / $47 billion assets under custody), a Digital Banking Platform with multi-currency accounts and payments, brokerage, FX, cash management, and financing solutions, and a PSD2-compliant Open Banking API for third-party providers.

Product overview

European Depositary Bank (EDB) operates as a platform of banking, depositary, and custody services under the Apex Group. The core offering consists of the Digital Banking Platform for account management and payments, Full Depositary and Depositary Lite Services for fund oversight compliant with UCITS and AIFM directives, and Global Custody Services delivered through a partnership with Citi across 104 markets. Supporting services include brokerage, FX, cash management, and financing solutions. EDB maintains three regional branches (Luxembourg headquarters, Dublin, Malta) and includes Apex Group brands FundRock, FundRock LIS, and Holtara within its portfolio. The bank reports €236 billion in assets under depositary and €41 billion in assets under custody.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Platform A pioneering digital banking platform for asset managers, SPVs, family offices, corporates, and trusts that enables bank account opening within 5 days, 24/7 desktop and mobile access, multifactor authentication, multi-level payment approval, global multi-currency payments (18 major currencies held, 33 currencies for external payments), FX services, automated money market fund sweeps, and fully integrated digital reporting. Supports SWIFT, SEPA, ACH, and Faster Payments payment schemes.
• Full Depositary Services Comprehensive depositary services for fund assets covering the entire fund lifecycle, including recordkeeping of assets, due diligence on ManCos and AIFMs, cash flow monitoring, and oversight and controls for UCITS and AIFM compliance. Cross-jurisdictional services from Luxembourg, Ireland, and Malta serving 760+ funds with €236 billion in assets under depositary.
• Depositary Lite Services Streamlined depositary services for funds with reduced oversight requirements, structured to accommodate the nature, scale, and complexity of specific fund types and regulatory needs under UCITS and AIFM directives.
• Global Custody Services Global custody services delivered through partnership with Citi across 104 markets. Services include safekeeping, transaction processing and settlements, income collection, corporate actions, proxy services, cash management and FX, online reporting platform, financing solutions, and Paying Agent, Registrar, and Transfer Agent services. Assets under custody of €41 billion / $47 billion. SSAE 16 Type II audit-tested control environment.
• Banking Services Banking services for institutional investors and asset managers including brokerage (equity, bonds, funds, certificates, derivatives, foreign exchange), FX services (spot and forward), cash management (payments, cash accounts, target balancing), financing solutions (bridge financing, fund of funds financing, short-term overdrafts), institutional accounts, and SPV bank accounts.
• PSD2 Open Banking API RESTful Open Banking API built on the NextGenPSD2 Framework v1.3.6, provided at no cost to certified AISP, PISP, and PIISP services. Allows third-party providers to view balances, confirm funds availability, and make payments on behalf of banking users with explicit consent, accepting/sending/responding with JSON data. Includes a custom-built sandbox environment and production API accessible via the Salt Edge developer portal.

Quantifiable outcome

• Account opening within 5 days of receiving all required documents
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration22 records

AI capability2 records

Feature3 records

Partnerships

One partnership is on record.

• CiticoreTechnology or IntegrationGlobal custody partnership delivering services across 104 markets globally. Partnership includes safekeeping, transaction processing, settlements, income collection, corporate actions, proxy services, cash management, FX, financing solutions, paying agent, registrar and transfer agent functions. SSAE 16 Type II audit-tested control environment.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Northern Trust: Northern Trust provides global custody, depositary and fund administration services in Luxembourg and Ireland, targeting asset managers and institutional investors. Its multi-jurisdictional European footprint overlaps directly with EDB's Luxembourg/Dublin/Malta model.
• State Street: State Street is a global custodian with a strong European fund services and depositary presence (State Street Bank International). It competes for UCITS depositary mandates at the largest end of the market that overlap with EDB's institutional client base.
• BNP Paribas Securities Services: BNP Paribas Securities Services is a tier-one global custodian with deep European depositary, custody and fund administration capabilities. Listed by EDB as a prime broker partner, it competes broadly for the same institutional and fund-manager mandates from a far larger balance sheet.
• J.P. Morgan Worldwide Securities Services: J.P. Morgan's Worldwide Securities Services is a global custodian and fund services provider with a significant European depositary franchise. It competes with EDB for large asset-manager mandates where scale, balance sheet and global reach are decisive.
• BNY Mellon: BNY Mellon is one of the world's largest custodian banks and a major European depositary through its Pershing and local entities. It offers a broader product set than EDB but competes for the same institutional depositary and custody mandates from global asset managers.

Direct peers

• CACEIS: CACEIS is the Crédit Agricole / Santander asset servicing joint venture and one of the largest European depositary and custody providers. It competes head-to-head with EDB for UCITS and AIF depositary mandates across Luxembourg, Ireland and France, offering similar bundled custody, fund administration and depositary services.
• RBC Investor & Treasury Services: RBC I&TS provides global custody, depositary and fund administration services across Europe and is a direct competitor for institutional asset servicing mandates. Its Luxembourg presence targets the same fund-manager client base as EDB, with comparable UCITS/AIFMD capabilities.
• Société Générale Securities Services: SGSS is a leading European custodian and depositary offering a similar mix of depositary, custody, fund administration and issuer services from Luxembourg and other European hubs. It directly competes for cross-jurisdictional UCITS/AIF mandates.

Regional players

• Quintet Private Bank: Quintet Private Bank (Europe) S.A. is a Luxembourg-headquartered private bank that provides custody and safekeeping services and is itself a sub-custodian to EDB. It is a regional Luxembourg peer that competes for adjacent private wealth and custody mandates in the same domestic market.

Emerging players

• Pictet Group: Pictet is a Swiss private bank and asset manager that also offers custody and fund services to institutional clients. While smaller in pure depositary scale, Pictet competes for family-office and asset-manager banking, custody and depositary business in the same European wealth corridor as EDB.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about European Depositary Bank