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Northern Trust, a global leader in wealth management, asset servicing, asset management and banking, has chosen Clearstream to handle the third-party fund processing of their investment fund activities. The decision was mainly motivated by Clearstream’s one-stop shop Vestima solution for the processing of third party funds, as well as their commitment to the funds industry and its automation.
Vestima is a recognised ‘Commercial Settlement System (CSS)’ and delivers full automation across order placement, DVP settlement and asset servicing. This fund processing is supported from the same platform as the servicing of customers’ fixed income, equities and warrants, thereby ensuring a streamlined process for all asset classes.
Northern Trust’s Global Fund...
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