Quintet selects Clearstream to support its mutual fund execution and distribution business
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Quintet selects Clearstream to support its mutual fund execution and distribution business 19 March 2024Luxembourg Reporter: Klea Neza
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Clearstream has been selected by Quintet to support its mutual fund execution and distribution processing activities.
By consolidating this activity on the Clearstream platform, Quintet aims to enhance operational efficiency, supporting its ability to meet client needs more effectively.
Quintet will benefit from Clearstream’s high standards of asset safety and streamlined fund processing operations - including trading, post-trading and trailer fees – as well as access to a comprehensive suite of services from Clearstream, including clarity-enhancing fund data services.
Pierre-Jean Frognet, head of operations at Quintet Luxembourg, says: “Clearstream’s established expertise in safe and secure fund execution and distribution, coupled with the company’s commitment to innovation in data and technology, aligns perfectly with
our vision for fund processing operations.”
Neil Wise, chief commercial officer for Clearstream Fund Services comments: “We are delighted that Quintet is expanding its existing collaboration for fund services with Clearstream. It is a tribute to the long-standing trust and collaboration between our two companies as well as our commitment to innovation.”
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