Clearstream selected by Quintet to support its mutual fund execution and distribution business
Clearstream, the leading global post-trade services provider, has been selected by Quintet Private Bank, the wealth manager headquartered in Luxembourg and operating across Europe and the UK, to support its mutual fund execution and distribution processing activities.
Building on the long-standing relationship between the two companies, Quintet – which serves wealthy individuals and their families as well as a broad range of institutional and professional clients – is now bringing its mutual fund execution and distribution processing to Clearstream Fund Services.
By consolidating this activity on the Clearstream platform, Quintet aims to enhance operational efficiency, supporting its ability to meet client needs more effectively. Quintet will benefit from Clearstream’s high standards of asset safety and streamlined fund processing operations - including trading, post-trading and trailer fees – as well as access to a comprehensive suite of services from Clearstream, including clarity-enhancing fund data services.
Pierre-Jean Frognet, Head of Operations at Quintet Luxembourg, said: “Clearstream’s established expertise in safe and secure fund execution and distribution, coupled with the company’s commitment to innovation in data and technology, aligns perfectly with our vision for fund processing operations.”
Neil Wise, Chief Commerical Officer for Clearstream Fund Services added: “We are delighted that Quintet is expanding its existing collaboration for fund services with Clearstream. It is a tribute to the long-standing trust and collaboration between our two companies as well as our commitment to innovation. With our ever-expanding one-stop shop for investment funds, we can ensure streamlined, efficient and safe processing and distribution services for all fund types.”
[Editorial note:
Please find here a high resolution photo of Neil Wise]
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 via its three key business lines:
Vestima as the world’s largest fund processing platform provides order execution, settlement and custody services for more than 230,000 funds, ensuring highest asset safety for over 55 fund markets worldwide.
Fund Centre, one of the leading European fund distribution platforms, connects international asset managers and fund houses with distribution partners, providing access to over 80,000 funds.
Kneip as one of the leading European fund data hubs provides premier fund data management and reporting solutions for the asset management industry.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Quintet Private Bank:
Quintet Private Bank (Europe) S.A., founded in 1949, is headquartered in Luxembourg and operates across Europe and the UK. Widely recognized as a private banking leader, Quintet serves wealthy individuals and their families as well as a broad range of institutional and professional clients, including family offices, foundations and external asset managers. Quintet’s family of private banks includes:
• Brown Shipley (UK)
• InsingerGilissen (Netherlands)
• Merck Finck (Germany)
• Puilaetco (Belgium)
• Quintet Danmark (Denmark)
• Quintet Luxembourg (Luxembourg)
For further information, please visit: www.quintet.com