SIX opts for Clearstream as fund processing partner鈥�
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SIX opts for Clearstream as fund processing partner鈥� 14 June 2018Zurich Reporter: Brian Bollen
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Zurich-based Swiss financial infrastructure provider, SIX has chosen Clearstream Banking as a partner to consolidate its fund processing activities.
Deutsche B枚rse Group added that Clearstream鈥檚 investment fund processing infrastructure, Vestima, enables processing of all types of funds鈥攆rom mutual funds to hedge funds鈥攐n a single platform.
Thomas Zeeb, head of securities and exchanges, and member of the executive board at SIX, said that 鈥減artnering with an organisation that places the same focus on operational integrity and efficiency as SIX鈥� was a 鈥渃ritical requirement for it when conducting a review of its primary fund provider鈥�.
Philippe Seyll, co-CEO of Clearstream Banking, commented: 鈥淭his collaboration will create high operational synergies in investment fund processing for both sides. SIX will profit from our one-stop-shop portal as well as robust and proven infrastructure.鈥�
He added: 鈥淭his will enable SIX to foster efficiencies for underlying clients and scale their investment fund businesses. We are looking forward to working together with SIX in the future.鈥�
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