I own some shares in a non publicly traded investment company / mutual fund and I am told that the company is going to seek listing in the London Stock Exchange and have its shares become "CREST-qualified".
Up until now I've owned the shares directly under my name but I am now told that I will need to "appoint a bank or broker for the custody of the shares". I don't plan to do any trading at all with other stocks listed in the London Exchange and I expect to issue, at most, one or two purchases/sell orders per year for that particular stock only.
I have two questions:
What's the best way for a US person to setup custody arrangement for a stock listed in the London Stock Exchange given that there's no trading intent? I should also mention that the company is quite obscure and low cap so I doubt it will ever become available on the platforms offered by brokers such as Charles Schwab or Fidelity which, IIUC, only make the most common stocks available. Should I be looking at banks offering custody services or at brokers? Would such a bank have to be US-based or can I also be looking at EU- or UK-based banks/brokers?
I am not a US citizen and I am only in the US for a couple of years on a work visa; it's quite likely that I'll head back to Europe (EU) in 2020 or 2021 at which point I would like to move the custody of my shares to some EU bank / broker (if not from the start). Should I be aware of anything that might make the transfer of custody from a US-based bank/broker to a EU-based one overly costly / complicated? E.g. I wouldn't want the transfer of custody to be treated (for tax purposes) as a sell (since that would trigger capital gains).