Switzerland’s Thurgauer Kantonalbank picks Clearstream to consolidate its fund distribution services
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Switzerland’s Thurgauer Kantonalbank picks Clearstream to consolidate its fund distribution services 07 September 2023Switzerland Reporter: Jenna Lomax
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Switzerland-based Thurgauer Kantonalbank has chosen Clearstream to consolidate all of its fund distribution support activities.
As part of the agreement, Thurgauer Kantonalbank’s distribution support and commission management services will be supported by Clearstream’s Fund Centre platform.
Through this initiative, Clearstream says that Thurgauer Kantonalbank will benefit from reduced internal costs associated with the collection of trailer fees.
Clearstream Fund Centre covers a range of fund distribution support services to assist fund distributors and asset managers in their know-your-data processes.
It also helps clients with the latest regulatory challenges around fund distribution, such as MiFID II.
Philippe Seyll, CEO of Clearstream Fund Centre S.A., says: “Putting our clients’ needs at the forefront of our ambitions, we connect fund distributors and asset managers worldwide, supporting them with best-in-class technology and efficient distribution management.
“We look forward to offering a complete and scalable funds solution to Thurgauer Kantonalbank for many years to come.”
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