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AJ Bell has appointed Clearstream as its primary custodian for its fund processing activities.
Going forward, Clearstream will be AJ Bell’s primary custodian for funds custody, settlement and order routing for its Youinvest, Investcentre and Custody Solutions products in respect of open-ended investment companies (OEICs), unit trusts and hedge funds via its fully automated global fund processing platform Vestima.
Investment funds have become an increasingly popular investment option. As of May 2020, Clearstream held €2.5 trillion in investment funds under custody on behalf of its clients (2015: €1.8 trillion; 39 per cent increase within five years). AJ Bell will benefit from the ability to process its post-trading activities for funds...
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