VTB Capital Investment Management joins NSD platform
18 April 2019 Moscow
Image: Shutterstock
VTB Capital Investment Management has joined the National Settlement Depository’s (NSD’s) mutual fund distribution platform, a centralised system for record keeping of mutual fund units.
The platform works on the business to business marketplace, and allows asset management companies to offer mutual fund units to investors and brokers, to expand their product range.
Brokerage companies can use the centralised record keeping of investment units and get access to the full information of instruction statuses. Currently, 20 market participants are connected to the platform.
VTB Capital Investment Management’s products are available for brokers connected with NSD’s system.
According to NSD, the mutual fund distribution platform provides higher transaction reliability for all parties across all phases of transactions and mitigates operational risks.
The platform also contributes to the automation of business processes and accelerates instruction generating and processing.
Vladimir Potapov, chief executive, director of VTB Capital Investments and senior vice president at VTB Bank, said: “Connecting to NSD’s mutual fund distribution platform is an important step towards VTB Capital Investment’s business development. This will let us find new partners among banks and brokerage companies which, in turn, will expand their own product range, adding to their VTB Group investment products.”
Denis Buryakov, managing director for depository operations at NSD, commented: “The number of mutual fund distribution platform participants continues to increase as NSD offers universal terms of service, and provides convenient and fast interactions for all parties.”
He added: “Our key task is to create the best conditions for participants in the collective investment market, and to form an environment that contributes to growth in the market’s potential.”
The platform works on the business to business marketplace, and allows asset management companies to offer mutual fund units to investors and brokers, to expand their product range.
Brokerage companies can use the centralised record keeping of investment units and get access to the full information of instruction statuses. Currently, 20 market participants are connected to the platform.
VTB Capital Investment Management’s products are available for brokers connected with NSD’s system.
According to NSD, the mutual fund distribution platform provides higher transaction reliability for all parties across all phases of transactions and mitigates operational risks.
The platform also contributes to the automation of business processes and accelerates instruction generating and processing.
Vladimir Potapov, chief executive, director of VTB Capital Investments and senior vice president at VTB Bank, said: “Connecting to NSD’s mutual fund distribution platform is an important step towards VTB Capital Investment’s business development. This will let us find new partners among banks and brokerage companies which, in turn, will expand their own product range, adding to their VTB Group investment products.”
Denis Buryakov, managing director for depository operations at NSD, commented: “The number of mutual fund distribution platform participants continues to increase as NSD offers universal terms of service, and provides convenient and fast interactions for all parties.”
He added: “Our key task is to create the best conditions for participants in the collective investment market, and to form an environment that contributes to growth in the market’s potential.”
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