Clearstream launches new fund distribution support services
16 May 2019 Frankfurt
![Generic business image for news article](https://www.assetservicingtimes.com/assetservicesnews/images/ThursdayMay1620191557996681.jpg)
Clearstream is to expand its investment funds service offering by merging Vestima funds processing services with distribution support services, under the umbrella of its Clearstream Fund Desk.
Clearstream Fund Desk services will cover distribution contract negotiation, compliance support services for eligibility control, anti-money laundering, know-your-customer, exchange fund data from asset managers to fund distributors and vice versa, as well as a distribution commission management service.
Using its existing Vestima account, fund distributors and asset managers can access the new services to expand their international distribution networks.
After the acquisition of Swisscanto Funds Centre in October 2018, the services were renamed the Clearstream Fund Desk and fully integrated into Clearstream’s investment funds services product range.
Bernard Tancré, head of investment funds services at Clearstream, said: “We are thrilled to be able to offer fund distribution support services to our customers worldwide.”
He added: “This service enhancement was strongly driven by client demand. It supports market participants in facing regulatory and other market challenges around fund distribution, such as the second Markets in Financial Instruments Directive in the EU and having full control over distribution chains.”
Clearstream Fund Desk services will cover distribution contract negotiation, compliance support services for eligibility control, anti-money laundering, know-your-customer, exchange fund data from asset managers to fund distributors and vice versa, as well as a distribution commission management service.
Using its existing Vestima account, fund distributors and asset managers can access the new services to expand their international distribution networks.
After the acquisition of Swisscanto Funds Centre in October 2018, the services were renamed the Clearstream Fund Desk and fully integrated into Clearstream’s investment funds services product range.
Bernard Tancré, head of investment funds services at Clearstream, said: “We are thrilled to be able to offer fund distribution support services to our customers worldwide.”
He added: “This service enhancement was strongly driven by client demand. It supports market participants in facing regulatory and other market challenges around fund distribution, such as the second Markets in Financial Instruments Directive in the EU and having full control over distribution chains.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
![Advertisement](../images/bull-252524.png)