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Deutsche Börse Group’s post-trade services provider Clearstream is further expanding its offering in the investment funds space and enters the Australian market. The company has reached an agreement with National Australia Bank Limited (NAB) to acquire its Sydney-based specialist managed funds services business Ausmaq Limited. The transaction is expected to be completed in the second half of 2019, subject to customary closing conditions including regulatory approval.
The acquisition marks another step in Deutsche Börse’s Roadmap 2020 strategy. One of the key pillars of the strategy is external growth with a focused and disciplined approach in selected growth areas, one of which is investment funds. Australia ranks number one among the fund markets in Asia-Pacific and...
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