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Clearstream, the global post-trading services provider, has created a new bank in Luxembourg dedicated to serving institutional fund investors: Clearstream Fund Centre S.A.
The new entity operates under a commercial banking licence in Luxembourg. It will be an important cornerstone of Deutsche Börse’s and Clearstream’s Fund Services, the business segment which provides fund execution, distribution and data management.
The new bank will serve Clearstream’s fund execution business Vestima, providing access to more than 230,000 funds in over 50 markets. The entity is regulated under MiFID to support clients to fulfil regulatory fund requirements. Clearstream Fund Centre S.A. will be closely interlinked with Clearstream’s ICSD and CSD businesses,...
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