Aegon Selects Calastone to Automate Fund Orders in Poland

Aegon Poland has automated its order routing of Polish fund transactions via Calastone.

Now on the Calastone transaction network, all previously manual orders will be transacted on a fully automated basis, creating greater operational efficiencies and reducing costs for their business.

Calastone says its expansion into the Polish market is another signpost for the increasing demand for electronic automation STP across Eastern Europe.

Aegon Poland is the fifth largest insurance company in Poland, with approximately €1.2 billion of Assets Under Management (AUM). By joining Calastone’s network, Aegon will enable asset managers in Luxembourg, Dublin and the UK to gain access to Aegon’s Polish distribution on a fully automated STP basis across Calastone’s transaction network.

Yvonne Hurst, managing director of Europe at Calastone says, “We’re delighted to work with Aegon to open up transaction STP in Poland on our network. Calastone will continue to keep investing in new countries to aid transparent distribution for all our clients.”