DBS Bank selects Euroclear for investment funds 13 December 2023Singapore, Belgium Reporter: Sophie Downes
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Singapore-based DBS Bank has agreed to onboard all of its investment funds onto Euroclear’s funds platform.
Euroclear aims to provide a comprehensive solution for all of DBS Bank’s fund assets for trading, custody and distribution services.
The agreement provides DBS Bank with a single platform for fund distribution and execution services via Euroclear’s network, enabling DBS Bank’s customers access to more than 100,000 funds.
Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds.
Shee Tse Koon, group head of DBS consumer banking and wealth management, says: “By partnering with Euroclear and leveraging their integrated suite of fund services and broad fund distribution network, this will allow us to enhance our funds offering and boost our platform efficiency.”
Valerie Urbain, chief business officer of Euroclear Group, adds: “We are proud to see the momentum achieved by our funds platform over recent years, supporting clients to achieve greater scalability, risk reduction, asset protection and revenue optimisation.”
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