Operating Bank Trust Accounts and Escrow Services North America*
Providing institutional banking to the asset management industry
When it comes to the investment industry, having the right banking relationship is crucial for supporting operations and achieving investment goals. FundBank offers a comprehensive suite of specialized banking services designed for the complex needs of modern financial institutions and asset management firms. From subscription and redemption accounts to custody and escrow accounts, our accounts cater to a broad spectrum of financial activities. With bank accounts and correspondent relationships with leading institutions, FundBank is the go-to banking provider for the funds industry.
What sets FundBank apart is its deep understanding of the asset management industry, its funds, administrators, and investors. By tailoring accounts to the specific needs of the industry, FundBank can provide clients with the flexibility and support they need to achieve their operational needs and investment goals. FundBank’s highly-experienced team and industry-leading technology, enables a fast and efficient account opening process.
Banking for diverse financial transactions
FundBank has the expertise and resources to provide clients with the accounts they need to succeed. Operating as a trust bank clients can be sure that their funds are secure and available, even during market volatility.
When it comes to opening accounts for the asset management industry, there is no better choice than FundBank. With our professional expertise and commitment to excellence, FundBank is the partner you can trust for all your banking requirements.
Operating bank trust accounts
For investment managers, managing the day-to-day cash flows of their operations is crucial to their success. FundBank can provide operating trust accounts for managing the daily cash flows of private funds, and their managers. These accounts provide banking services such as wire transfers, FX payments and online banking.
FundBank is also able to provide trust accounts with income for large operating accounts and limited activity accounts.
Subscription and redemption trust accounts
Subscription and redemption trust accounts, sometimes referred to as transition accounts or by other names, are specialized accounts that are used by hedge, venture, private equity, and real estate funds to manage investor subscriptions/redemptions or capital calls/disbursements. These accounts are often established and maintained with the help of a fund administrator.
Escrow accounts
Escrow accounts are useful tools in situations where two or more parties need assurance of funds against specific performance or delivery, and serve as a secure mechanism to manage financial risks and transaction transparency.
When a fund is subject to specific conditions or events that require monies to be held in escrow, it is crucial to have a reliable and secure way to hold the associated funds. FundBank can establish escrow accounts to serve most needs.
Limited activity account with income
A limited activity account with income can also be opened to hold funds in reserve. For example funds held pending investment opportunity or excess funds held away from a prime broker.
Why partner with FundBank?
We combine client-focused service with technology beyond anticipation
As a banking institution operating exclusively in the asset management space, FundBank has extensive solutions that meet the needs of its fund clients.
We have an unparalleled understanding of the funds industry, and we are pleased to call many of the largest global fund managers our clients.
Our risk systems and our banking technology are created based on the feedback received from managers and administrators and are a testament to our understanding of their business and fund structures.
FundBank provides the solutions of a top-tier financial institution, with client assets segregated from the assets of FundBank, minimizing our client’s counterparty exposure.
In a world where security is paramount, FundBank is able to mitigate risk by using comprehensive systems and controls, developed to exceed industry best practices. Our approach to client acceptance is risk-based and with our technology approach to onboarding and due diligence, we are able to onboard clients swiftly and accurately.
To find out more about our solutions, please reach out to your usual FundBank representative or contact us below.
Combining client-focused service with technology above expectations
As a banking institution operating exclusively in the investment management industry, FundBank has extensive solutions that meet the needs of our clients.
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