Securities & Finance / Industry Custom and Practice
The Duties and Responsibilities of Securities Custodians

In Primeo Fund (In Official Liquidation) Plaintiff and 1) Bank of Bermuda (Cayman) Limited, 2) HSBC Securities Services (Luxembourg) SA Defendants in the Grand Court of the Cayman Islands Financial Services Division, a Brattle principal provided trial testimony regarding the duties and responsibilities of a custodian in service to a Cayman hedge fund arising out of the Madoff Ponzi scheme.

In a dispute relating to high net worth custody clients serviced by a registered investment advisor, Brattle identified and supported an industry expert addressing the securities custodian’s duties and responsibilities.

In litigation related to the Madoff Ponzi scheme, a Brattle principal provided expert testimony in Anwar v. Fairfield Greenwich Limited addressing the customary and contractual duties and responsibilities of securities custodians.

Before the High Commercial Court in Dublin, Brattle identified and supported an industry expert regarding a global securities custodian’s duties and responsibilities in the selection and monitoring of a subcustodian in a Madoff-related dispute.