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The Custody team at Kotak Mahindra Bank recently hosted a seminar on “Offshore Fund Opportunities in Europe” for its key clients and partners.
The event was designed to give our clients an overview of everything that businesses need to create and distribute funds in
European markets.
The event included addresses by Uday Kotak, KVS Manian (President – Corporate Institutional and Investment Banking, Kotak Mahindra Bank), Christoph Lanz (Edmond de Rothschild), Siddharth Shah (Khaitan & Co.), Rajesh Gandhi (Deloitte Haskins & Sells LLP) and Christophe Saint-Mard (PwC Luxembourg).
Why explore these opportunities? – Uday Kotak & KVS Manian
Recent events like the Star IPL Bid have led us to believe that Indian companies are ready to pay for an asset which is neither tangible nor physical.
This is a big change from 5-10 years ago. At the same time, the Indian economy is witnessing huge inflows of local and foreign
funds across alternate asset classes.
European and American FPI investments are growing at speed – Europe grew from USD 30 Bn to USD 90 Bn between 2012 and 2017. Luxembourg alone contributes more than 40 % of European flows. We further believe that regulatory changes like the ban on unhedged derivative positions by P Notes will encourage more FPI flows.
Finally, amendments in the tax treaties of Singapore and Mauritius are leading to increase in European domiciled funds, making Europe an attractive opportunity at the present moment.
Fund structures
Taxation aspects
Kotak’s Custody team has provided a one stop shop service for FPIs since 2005. We offer Custodial, PCM Clearing and Fund Accounting Services supported by a state of the art online platform. We also offer the Global Custodian collaboration with Edmond de Rothschild for Custody Services and GIFT City capabilities
Via our partnership with EDR, we will be able to offer a full-fledged set of services covering the set-up of a Management Company, Depository and Fund Administration.
To know more about Kotak’s custody services, click here. To know more about the services available to you via our collaboration with Edmond de Rothschild, click here.
To speak to someone about this subject, please write to [email protected]