AJ Bell appoints Clearstream for third-party fund processing

UK investment platform AJ Bell has appointed Clearstream as its primary custodian for its fund processing activities.

Luxembourg-based Clearstream will be AJ Bell’s primary custodian for funds custody, settlement and order routing for its Youinvest, Investcentre and Custody Solutions products for open-ended investment companies (OEICs), unit trusts and hedge funds via its global fund-processing platform Vestima.

The arrangement will give AJ Bell the ability to process its post-trading activities for funds alongside existing, more traditional products, such as equities, corporate and government bonds, with both a domestic and global reach.

Michael Summersgill, chief financial officer at AJ Bell, said: “This step will simplify our operation, helping us to better serve the advisers and customers that use our platform propositions.”

© 2020 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST