Deutsche Boerse takes full control of former UBS fund distribution business
Since taking on the business, Clearstream Fund Centre has reported a 25% increase in assets under administration to more than €300 billion.
Since taking on the business, Clearstream Fund Centre has reported a 25% increase in assets under administration to more than €300 billion.
The tool will provide a single service for the allocation and placement of fund orders between advisor clients and fund providers.
The findings highlight the sharp divide between processing fund transfers manually that require ‘wet’ signatures and using an automated system.
The 29 transfer agents from Ireland and Luxembourg that participated in the survey processed a combined total volume of orders of 39 million last year.
Clearstream has recently made a number of enhancements to its third-party fund processing platform.
Evli Fund Management is the first Finnish asset manager to have successfully onboarded its mutual funds onto the Vestima platform.
A number of custodians and asset servicing providers have trialled using blockchain platforms to process fund transactions.