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Industry news

Vontobel choses Clearstream for hedge funds business


27 June 2017 Frankfurt
Reporter: Drew Nicol

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Image: Shutterstock
Swiss asset manager Vontobel is set to become a user of Clearstream Banking’s investment funds processing infrastructure for its third-party hedge fund processing activities.

Clearstream’s services will enable processing of all types of funds from mutual funds to hedge funds on a single platform. Clearstream’s Vestima platform support market participants to comply with the regulatory requirements and new rules on risk mitigation.

According to Clearstream, the current regulatory agenda has made asset safety a key concern for financial institutions and the asset management industry.

The Deutsche Börse subsidiary cited the the fifth Undertakings for Collective Investment in Transferable Securities (UCITS V) directive and the Alternative Investment Fund Manager Directive (AIFMD) as key factors that are reshaping the operational landscape of the European investment funds market and driving a growing need for transparency and efficiency in investment funds processing.

Peter Camenzind, head of transaction banking at Vontobel, said: “We want to deliver the edge for our clients and embrace opportunities that make a difference.’

“By moving our third-party hedge fund business to the industry market leader, we achieve a higher straight-through processing-rate in the hedge fund processing and we offer our clients a new level of service quality based on Clearstream’s expertise.”

Philippe Seyll, co-CEO and head of investment fund services at Clearstream Banking, said: “We are delighted to extend our relationship with Vontobel and to start delivering services to this customer in the Swiss market. Switzerland has a high importance for us and is considered as one of our key markets.”
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