As of May 2020, Clearstream held €2.5 trillion in investment funds under custody on behalf of its clients, an increase of 39% over the past five years.
The acquisition allows Clearstream to enter the domestic Australian fund markets and to directly serve Australian clients within the same region and time zone.
Clearstream has recently made a number of enhancements to its third-party fund processing platform.
The acquisition of the business marks Clearstream’s first venture into the Australian funds market, as it looks to grow its presence in the Asia-Pacific region.
Recently acquired London-based funds platform will come under newly branded Clearstream Fund Desk.
Evli Fund Management is the first Finnish asset manager to have successfully onboarded its mutual funds onto the Vestima platform.
The addition will allow Cyprus funds, including Cyprus UCITS and AIFs, to be eligible for order routing, settlement and custody.
The collaboration is the latest for Clearstream’s Asia funds strategy allowing more international investors to gain easy access to the local fund markets.