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Deutsche Börse’s post-trade services provider Clearstream completed the acquisition of a majority stake in UBS’s fund distribution platform Fondcenter AG from UBS on 30 September.
In January 2020, Clearstream and UBS announced a joint agreement under which Clearstream has now acquired 51.2 per cent stake in the B2B fund distribution support platform Fondcenter for CHF 389 million. UBS holds a minority stake of 48.8 per cent, remaining a strategic partner, and has entered into long-term cooperation agreements for the provision of services by Clearstream including to continue using the Fund Centre platform on a long-term basis.
Fund distributors have increasingly outsourced resource-intensive distribution support services, such as fee management and...
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