The purchase and subsequent partnership with UBS marks another active move from Clearstream into bolstering its fund services offering.
Tag: fund distribution
Clearstream launched its fund distribution support service following the completion of its acquisition of the Swisscanto Fund Centre business.
BNP Paribas Securities Services will use Allfunds as its preferred fund distribution platform, with the French bank taking a 22.5% stake.
Luxembourg has emerged as an attractive destination for Asian asset managers that seek new fund channels for their products.
The new dealing services will enable distribution of Irish UCITS ETFs to the Asia-Pacific and Latin America regions.
The deal will see MFEX manage all post-trade services related to funds, currently operated by Societe Generale Luxembourg.
TEEPI’s developments have been made in collaboration with a group of pilot clients, and the platform will continue to develop throughout 2019.
Calastone has been engaging with a community of early adopters who have had access to the technology, including custodians and fund managers.
Recently acquired London-based funds platform will come under newly branded Clearstream Fund Desk.
MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.