Arbuthnot Latham, a London-based private bank and wealth manager, has gone live with Euroclear’s CREST investment fund service platform.
The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
“The move to Euroclear UK & Ireland’s investment fund service is another milestone in our drive to reduce operational risk, increase controls and move to automate processes,” said Martin William, head of investment management operations, Arbuthnot Latham.
Euroclear’s automated fund processing solution automates the entire settlement, transfer, reconciliation and corporate action processing of the asset, making it easier to administer.
“The end-to-end automation of their fund transactions will result in a reduction of risk and costs, as well as provide full line of sight of their settlement obligations which will also improve liquidity,” said Stephan Pouyat, head of capital markets and funds, Euroclear.
Last year, Euroclear brought on Smith & Williamson Fund Administration (SWFAL), a UK independent fund administrator, for its automated fund services offering.