Euroclear welcomes first Middle Eastern ETF issuer
Abu Dhabi-based asset manager Lunate has launched its first UCITS ETFs on Euroclear’s international platform, becoming the first Middle Eastern issuer to adopt the ICSD model.
Abu Dhabi-based asset manager Lunate has launched its first UCITS ETFs on Euroclear’s international platform, becoming the first Middle Eastern issuer to adopt the ICSD model.
The AED 1 billion issuance uses Euroclear’s D-FMI distributed-ledger platform, with Standard Chartered acting as joint lead manager and joint digital structurer, marking a regional milestone for digitally native debt capital markets.
Atkinson's move follows that of ex-colleague Sebastien Danloy from HSBC, who Global Custodian revealed earlier this week will join as chief business officer in September.
This milestone makes Korean government debt Euroclearable, enabling KTBs and MSBs to be settled via the Euroclearable link, which allows international investors efficient post-trade access to the market.
The new facility will be integrated within Euroclear’s tri-party platform.
The executive, formerly interim CEO, has held various positions within Euroclear and previously served as chief risk and compliance officer at the Euroclear DTCC joint initiative, DTCC-Euroclear Global Collateral.
As the second annual Leaders in Custody Asia awards draw near on 9 May, Global Custodian delves into the nominees for the Asset Servicing Partnership of the Year category – featuring BNY Mellon partnering with HKMA, DBS Bank collaborating with Euroclear, Deutsche Bank and CIMB, and a tie-up between Digital Asset and HKEX.
Through technology integration, the two organisations aim to simplify subscription and administration processes for iCapital funds, enhancing operational efficiency and investor experience.
A Luxembourg bank has enhanced its fund management operations by appointing Euroclear FundsPlace as its fund manager.
With the expansion, Euroclear Bank will be able to boost operational efficiencies for market users and streamline collateral management.