Spuerkeess selects Clearstream 08 October 2024Luxembourg Reporter: Clelia Frondaroli
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Clearstream has been chosen by Spuerkeess for the execution and distribution of the company's investment fund business.
Utilising Clearstream's trade dealing and execution platform, Vestima, will enable Spuerkeess to consolidate its mutual and alternative funds businesses.
The collaboration is said to further enhance operational efficiency, and provide Spuerkeess with a higher standard of asset safety and fund processing.
Clearstream will also provide a wide range of services to Spuerkeess clients, including fund data and post-trading.
Philippe Seyll, CEO of Clearstream Fund Services, states: "The partnership is a testament to our mutual pride in Luxembourg and our commitment to service excellence. Clearstream can ensure streamlined, efficient and safe processing and distribution services for all fund types.”
Deputy CEO and member of the executive committee at Spuerkeess, Aly Kohll, adds: "Clearstream’s proven track record and comprehensive service offering from subscription to execution, settlement, custody and trailer fee collection will allow Spuerkeess to enhance operational efficiency and cost-effectiveness."
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