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On July 31, Deutsche Börse’s post-trade services provider Clearstream completed the acquisition of Ausmaq Limited from National Australia Bank (NAB), following receipt of approval from the Luxembourgish regulatory authorities.
With the addition of the Sydney-based managed funds custodian Ausmaq, Clearstream is entering the domestic Australian funds market. The future set-up of Ausmaq within Clearstream’s Investment Fund Services business will be designed to directly serve Australian customers within the same region and time zone. In 2020, Clearstream will also connect international and Australian market participants via its fully automated fund processing platform Vestima. Ausmaq’s customers will benefit from access to international and alternative funds via...
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