The Custodians of the Investment Manager’s two Funds differ slightly.
For the Life Settlements Wholesale Fund it is Perpetual Trustee Company Limited (Australian Custodian).
The role of the Australian Custodian is limited to receiving and holding all application money, investment funds, cash assets and bank accounts of that Fund, and distributing income to Investors under the direction of the Responsible Entity.
For the Global Insurance Settlements Fund, they are Caceis Bank Luxembourg, Dublin Branch (Custodian) and Wells Fargo Bank, N.A. (Sub Custodian).
The role of the Irish Custodian is act as custodian of all of the assets of the Company and each Fund.
The role of the USA Sub Custodian is to act as Securities Intermediary and arrange for the payment of policy premiums, hold cash assets, bank accounts and the Life Policies owned by all of the funds managed by the asset manager, and to receive the proceeds of Life Policies upon maturity.
Perpetual Trustee Company
The Perpetual Trustee Company Limited (Perpetual) has been appointed to act as the custodian in Australia.
Caceis Bank Luxembourg
Caceis Bank Luxembourg has been appointed to act as the custodian in Ireland.
Wells Fargo Bank, N.A.
Wells Fargo Bank, N.A. has been appointed to act as Sub Custodian and Securities Intermediary in the USA.