Euroclear UK & Ireland Nabs Three Investment Fund House Mandates

Euroclear UK & Ireland (EUI) has been selected today by Aberdeen Asset Management, Artemis Fund Managers and Schroders Investment Management to settle transactions in their funds. All three already use EUI for automated fund order routing.

EUI offers a range of fund-related services, including order routing through the EMX Message System. Cross-border fund transactions are routed to Euroclear’s FundSettle platform for asset servicing and settlement between transfer agents, fund promoters and distributors in the U.K. and abroad.

Alan Hawthorn, Global Head of Investor Services at Aberdeen, said: “Automated settlement for bonds and equities has been commonplace at Euroclear UK & Ireland for many years, so there is no reason investment funds shouldn’t follow.”

Ross Leckie, Director of Communications at Artemis, stated: “New legislation like the Retail Distribution Review means that we have to be even more attentive in meeting our clients’ bespoke needs. So it is not only a logical, but a natural choice, to ensure that what we offer our clients is supported by cast-iron, post-trade provision through Euroclear UK & Ireland.”