Zurich-based Swiss financial infrastructure provider, SIX has chosen Clearstream Banking as a partner to consolidate its fund processing activities.
Deutsche Börse Group added that Clearstream’s investment fund processing infrastructure, Vestima, enables processing of all types of funds—from mutual funds to hedge funds—on a single platform.
Thomas Zeeb, head of securities and exchanges, and member of the executive board at SIX, said that “partnering with an organisation that places the same focus on operational integrity and efficiency as SIX” was a “critical requirement for it when conducting a review of its primary fund provider”.
Philippe Seyll, co-CEO of Clearstream Banking, commented: “This collaboration will create high operational synergies in investment fund processing for both sides. SIX will profit from our one-stop-shop portal as well as robust and proven infrastructure.”
He added: “This will enable SIX to foster efficiencies for underlying clients and scale their investment fund businesses. We are looking forward to working together with SIX in the future.”
