Schroders Investment Management (Luxembourg), S.A., the Luxembourg based arm of global asset management firm Schroders has selected Calastones open architecture cross-border transaction network, to distribute their onshore funds from Luxembourg.
The addition of Schroders Luxembourg to the Calastone network expands the already extensive list of onshore and offshore range of funds available for access to distributors and transfer agencies. All flow across Calastones network is afforded full STP throughout the lifecycle of any transaction from trade through to settlement and visibility and transparency are straightforward using Calastones execution management system.
Seeing a key Luxembourg player such as Schroders appreciate the cost benefits and operational efficiencies that joining Calastone can afford is rewarding for us, says Kevin Lee, managing director. It has always been Calastones promise to deliver full STP to all participants both on and offshore and as more organisations participate we are seeing this become a reality.
As we ourselves expand our service into this important region, we are delighted that Schroders has earmarked Calastone to assist them in growing their coverage into Europe.
D.C.