Landesbank Baden-Württemberg selects Clearstream for enhanced fund distribution services
Landesbank Baden-Württemberg (LBBW), the bank of the German federal state of Baden-Württemberg, has chosen leading global post-trade services provider, Clearstream, to consolidate its fund distribution support activities. By leveraging Clearstream’s Fund Centre distribution platform, LBBW aims to streamline processes across its distribution support and commission and contract management services.
LBBW has been a valued client of Clearstream since 2008, using fund order routing and custody services via Vestima, the world’s largest fund processing platform. LBBW will now benefit additionally from Clearstream’s extensive distribution agreements with over 400 asset managers. This partnership will help LBBW to focus on core capabilities and support its growth and expansion.
Neil Wise, Chief Commerical Officer for Clearstream Fund Services, commented: “We are thrilled to expand our relationship with LBBW and welcome them to our Fund Centre distribution network. This collaboration is a testament to the long-standing trust and cooperation between our companies. With Clearstream’s comprehensive one-stop shop for investment funds, we ensure streamlined, efficient, and secure processing and distribution services for all fund types. We look forward to providing LBBW with a complete and scalable funds solution, which will add value for both LBBW and the asset managers.”
Matthias Heuser, Divisional Board Member Operations and Process Management for LBBW, added: “Clearstream is a trusted and reliable partner with a competitively attractive service offering. Using Clearstream Fund Centre platform will help us to optimise our distribution processes as well as to simplify the Know Your Distributor (KYD) compliance processes. We are convinced that all parties will benefit from our move to bundle the bilateral agreements that we have now put in place.”
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[Editorial note: Please find here a high-resolution photo of Neil Wise and a high-resolution photo of Matthias Heuser.]
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 230,000 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 80,000 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 organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.