UBS selects Clearstream to collate fund distribution services
28 November 2024 US
Image: Lemonsoup14/stock.adobe.com
UBS has selected Clearstream to consolidate its fund distribution activities from the former Credit Suisse (CS) business.
This will see UBS utilising the Clearstream Fund Center platform to provide a full range of distribution support services, which the company says will reduce internal costs and support growth and expansion.
This move also marks the ongoing growth in assets under distribution (AUD) that Clearstream is currently experiencing, and will allow UBS’s clients to access the company's wide network of asset managers.
CEO of Clearstream Fund Centre, Philippe Seyll, states: “We are thrilled to deepen our excellent relationship with UBS, now extending our support to the former CS business within UBS through our comprehensive fund distribution services. The continued trust UBS places in us underscores our unwavering dedication to client-centric excellence.”
This will see UBS utilising the Clearstream Fund Center platform to provide a full range of distribution support services, which the company says will reduce internal costs and support growth and expansion.
This move also marks the ongoing growth in assets under distribution (AUD) that Clearstream is currently experiencing, and will allow UBS’s clients to access the company's wide network of asset managers.
CEO of Clearstream Fund Centre, Philippe Seyll, states: “We are thrilled to deepen our excellent relationship with UBS, now extending our support to the former CS business within UBS through our comprehensive fund distribution services. The continued trust UBS places in us underscores our unwavering dedication to client-centric excellence.”
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