The MoU is the latest agreement for the Hong Kong market as it looks to become a leading cross-border fund hub for international investors.
The addition will allow Cyprus funds, including Cyprus UCITS and AIFs, to be eligible for order routing, settlement and custody.
Since the EU referendum, 20 companies monitored by EY have announced a transfer of assets out of London into Europe.
Temenos partners with Curo to migrate 3,000 funds to its Multifonds Global Accounting platform after "highly competitive process”.
Clearstream has become the first international fund services provider that can directly route orders from eligible Hong Kong institutional investors into Mainland China funds.
Funds in Hong Kong will now find it easier to market to UK investors if they can demonstrate broad equivalence.
The collaboration is the latest for Clearstream’s Asia funds strategy allowing more international investors to gain easy access to the local fund markets.
The scope of the services will include order execution, settlement and asset servicing for its mutual and hedge funds.
Financial authorities across Europe are not all singing the same song when it comes to regulation of UK funds post-Brexit, finds Charles Gubert.