Merck Finck joins Clearstream Fund Desk distribution network
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Merck Finck joins Clearstream Fund Desk distribution network 13 December 2019Luxembourg Reporter: Becky Bellamy
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Merck Finck Privatebankiers has signed up tp Clearstream Fund Desk to consolidate all its distribution support related activities with Clearstream.
The Munich-headquartered company will expand its collaboration with Clearstream to cover the full range of services around distribution support and commission management.
The Clearstream Fund Desk services cover distribution contract negotiation, compliance support services for eligibility control and anti-money-laundering, know-your-customer and know-your-distributor rules, exchange fund data from asset managers to fund distributors and vice versa, as well as a distribution commission management service.
Martin Deckert, COO at Merck Finck Privatbankiers AG, said: “Partnering with an organisation that places the same focus on operational integrity and process efficiency around contractual aspects of distribution as Merck Finck, was a critical requirement for choosing Clearstream Fund Desk.”
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