Depository for Financial Assets in Germany and Luxembourg

Depository for Financial Assets in Germany and Luxembourg

With more than 30 years of experience, HAL offers all services related to the depositary function for liquid assets. We support our clients from the initial idea through to advice on conception and the launch process - and of course afterwards throughout the entire product life cycle. In this way, we work individually and reliably for more than 500 funds in Germany and Luxembourg.

Your partner for the custody of liquid assets

Depositary for investment funds in Germany and Luxembourg

We act as a depositary for investment funds in Germany and Luxembourg. We hold the assets of mutual and special funds (UCITS and AIFs) in custody. We are the central point of contact for fund initiators and CMCs. We take care to provide result-neutral advice on the vehicle and structure and place a special focus on your individual wishes in our work. As a founding member of the Forum of the Association of Independent Asset Managers (VuV), we have many years of experience in advising medium-sized independent asset managers and asset managers.

"Depositaries have a crucial verification role for the entire investment spectrum covered by funds. They are guarantors of the highest possible protection for investors and at the same time stand by the asset manager with individual advice and support."
Anja Schlick, Head of Relationship Management Financial Assets

The tasks of a depositary

Custody of liquid assets

The depositary is an independent entity acting in the interest of the investors, which performs tasks of technical settlement, custody of the investment assets and various control functions. These controls include, depending on the jurisdiction:


  • Daily controls in accordance with the requirements of the Luxembourg Fund Law and the KAGB.
  • Parallel calculation and control of the net asset value or release
  • Reconciliation for monetary accounts, securities portfolios, options and futures as well as forward exchange transactions and verification of the number of units issued
  • Ex-post control of compliance with legal and contractual investment limits (in own system, according to model 2)
  • Daily depository reconciliation
  • Issuing and redemption of fund certificates
  • Verification of proof of ownership
  • Regular monitoring of valuations in accordance with the sales prospectus
  • Daily monitoring of cash flows
  • Verification of the contractually stipulated appropriation of earnings

What we can do for you

Our services for mutual funds (UCITS) and special funds (AIFs)

Our range of services as a custodian for liquid assets includes the following services


  • Custody of classic financial instruments, precious metals and bank balances
  • Input and maintenance of securities master data
  • Performance of all corporate actions
  • Application of double tax treaties
  • Participation in class actions
  • Preparation of depository reporting
  • Processing of dividends, mergers, prospectus changes
  • Support with the refund of withholding tax
  • Opening of documentary markets

Benefit from our wide range of additional services

Securities trading, liquidity management, foreign exchange hedging and more

Our services go far beyond the conventional services of a depositary. Our customers have access to the following additional services:


  • Order execution via our order and execution desk
  • Trading and settlement of all major financial instruments
  • Currency hedging
  • Liquidity investment
  • Fixed income sales
  • Opening and management of foreign currency accounts
  • Settlement of payment transactions
  • Custody of physical gold
  • Annual general meeting service
  • Management of investor deposits for special funds (AIFs)
  • Performance of the paying agent function
  • Fund trading (set-up and connection of platforms)
  • Calculation and routing of trail commissions for funds of funds
  • Securities lending
  • Assumption of function of legal representative
  • Withdrawal of physical securities of mutual funds issued in Germany by our partner CMCs

One-stop-shop solution or cooperation with partner CMCs

Cooperation with capital management companies    

For a first-class service, we offer a one-stop-shop solution in Luxembourg with our group's own capital management company or cooperate with CMC cooperation partners in Germany and Luxembourg:

We are at your disposal

Your contact

Thank you for yor request. We will contact you.

An error occurred. Check the marked fields please.

An error occurred. Check the marked fields please.