According to the official announcement, the recently established banking firm will cater to Clearstream‘s fund execution enterprise, Vestima, reputed as the world’s most extensive fund-processing platform, with access to 230,000 funds in 50 markets. Through the new platform, Clearstream has obtained a commercial bank permit.
Additionally, the bank will facilitate Fund Center, which connects global asset management firms and fund houses to distribution partners. It provides access to 72,000 funds.
LeapRate first published the article Clearstream establishes a new bank in Luxembourg for institutional funds investors