Deutsche Trustees Malaysia (DTM), part of Deutsche Bank, has added to its custody services with the launch of a registrar and transfer agency in Kuala Lumpur.
Services will include maintaining a register of unit-holders for collective investment schemes such as unit trusts, exchange-traded funds, third-party onshore or offshore funds and wholesale funds.
DTM had launched a trustee service for unit trusts, bonds and structured products in 2007. The company also offers fund-administration services.
"We believe the timing is right [for the launch] in the sense that it comes after the downturn, and fund managers want to focus on managing funds rather than infrastructure," says Ridzal Sheriff, head of global transaction banking for DTM.
Headed by chief executive Jacqueline William, DTM employs six staff and has 25 funds under administration, but declined to reveal the total asset amount.