Despite being considered the least visible face of the asset management industry, depositary banks are essential to the smooth functioning of the sector. These entities ensure the security and integrity of financial assets, building trust in investment funds and protecting their investors.
Cecilia Rufino, Country Manager of Cecabank's Lisbon Branch, provides her insights, highlighting that in Portugal: 'There are growth opportunities for an independent benchmark depositary which, as is the case in Spain, can provide services to any type of fund manager'.
