Platform Securities has selected Clearstream to provide offshore custody services.
A provider of outsourced clearing and settlement services for UK wealth managers, Platform Securities intends to improve efficiency and asset safety for all asset classes, including investment funds, through Clearstream.
The Clearstream commercial settlement system offers automated order placement, delivery-versus-payment settlement and asset servicing, and offers streamlined processes for all asset classes.
According to Clearstream, as regulators are increasingly monitoring fund processing and asset protection, wealth managers are looking for fund custody providers that can effectively manage their clients’ fund assets.
Marilyn Logan, international managing director for Platform Securities, said: "We have chosen Clearstream as our offshore custodian as it provides a fully automated service across all asset classes allowing our service offering to be future proofed for scalable growth. The global market coverage will allow our clients to have a truly whole of market offshore solution.”
Philip Brown, co-CEO of Clearstream Banking, said: “We welcome Platform Securities to our ever-growing community of UK-based clients, which validates our best-in-class services for the processing of UK and international services.”
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