Asset managers that sell funds through global wholesale distributors could be losing large sums of money due to poor rebate and commissions management, a consultancy claims.

Clearstream, the Luxembourg-based international central securities depository owned by Deutsche Börse Group, is to acquire a majority stake in UBS’s fund distribution platform Fondcenter AG.

The application of new technology is important in helping the investment funds industry to win new business and to deliver secure, efficient services.