Following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier, the Group now owns 100 per cent of the company
The companies have called for “increased collaboration to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment, limited integrations with institutional-grade payment rails, and siloed liquidity
The acquisition, made by Deutsche Börse's DB1 Ventures, will complement and strengthen the fund processing and distribution offerings of Deutsche Börse’s post-trade infrastructure provider Clearstream
Stephanie Eckermann will now lead the strategy of Clearstream Banking AG while remaining responsible for strategy, finance and compliance across Clearstream in its entirety
The strategic alliance goes live from today and will support financial services companies and investors extending their footprint in Singapore, Gujarat International Financial Tec-city and other Indian locations