Clearstream Welcomes Standard Chartered to Pilot Vestima Digital for Private Market Fund Distribution
Reference
KIRSTY LE BORGNE
Media spokesperson for Clearstream Fund Services
- Streamlined investor servicing simplifies fund raising, capital calls, and asset servicing, with straight-through processing across the entire fund distribution chain
- Access to multiple investor level allocations under a single custody account, supported by detailed reporting and anonymized investor insights
- DLT-powered automation digitizes private market fund distribution, enhancing operational efficiency and transparency
International banking group, Standard Chartered Bank, joins Clearstream, Deutsche Börse Group’s post-trade services provider, to pilot Clearstream’s Vestima Digital solution for private market fund distribution. This initiative builds on the existing collaboration between Standard Chartered and Clearstream and reflects a shared commitment to innovation in fund servicing.
Vestima Digital addresses the operational complexity of private market fund distribution by digitizing key processes such as fund raising, capital call management and asset servicing, while enabling automated data exchange with back-end systems. This straight-through processing (STP) improves visibility, traceability and operational efficiency across the fund distribution chain – from general partners to end investors.
Standard Chartered’s clients will gain access to a broad fund universe through Clearstream, supporting wider distribution of private market products. A new account model allows multiple investor-level allocations to be managed under a single Clearstream custody account, simplifying operational workflows. Vestima Digital also delivers regular reporting, asset servicing data and anonymized investor insights to help Standard Chartered better understand investor activity.
Fully integrated with Clearstream’s Vestima fund platform and powered by its new FundsDLT technology, Vestima Digital combines established market connectivity with the agility of next-generation digital infrastructure. It showcases a collaborative solution designed to address the real pain points of private market fund distribution – digitizing manual processes to enhance efficiency and reduce operational risk, thereby improving investor servicing and enabling scalable growth.
Sumeet Bhambri, Global Head, Advisory and Managed Investments for Standard Chartered commented: “Our new exploratory collaboration with Clearstream to pilot Vestima Digital targets operational challenges related to private market and alternative funds, allowing us to offer clients a secure and efficient solution backed by a trusted partner. By reducing manual touchpoints and improving data exchange, we expect meaningful efficiency gains that support our growth ambition and digitization agenda.”
Philippe Seyll, CEO for Clearstream Fund Services commented: “We are delighted to deepen our collaboration with Standard Chartered Bank through Vestima Digital. This initiative reflects our commitment to client-led innovation and delivering solutions that meet market needs. Through this collaboration, Standard Chartered can leverage our expertise and scale in alternative fund processing to drive greater efficiency and transparency for their clients and support future growth."
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[Editorial note: Please find here a high-resolution photo of Philippe Seyll]
About Clearstream Fund Services
Clearstream is the innovative and trusted post-trade business for the global markets. Its segment Clearstream Fund Services delivers solutions for the entire fund ecosystem.
Vestima is the world’s largest fund processing platform providing order execution, settlement and custody services for more than 245,000 funds, ensuring highest asset safety for over 55 fund markets worldwide.
As a global fund distribution platform, Clearstream Fund Services connects international asset managers and fund houses with a global network of distribution partners. It gives access to over 85,000 funds, with value-added services such as trailer fee management and compliance oversight.
Clearstream Fund Services provides premier data management, regulatory and disclosure solutions for the asset management industry and embraces new technologies to help reshape how funds are managed and distributed.
Clearstream is part of Deutsche Börse Group, an international exchange organization and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.