Clearstream and FNZ Develop Strategic Partnership

Deutsche Börse Group’s post-trade services provider, Clearstream has joined hands with FNZ, one of the leading international wealth management platforms. The companies have developed a strategic partnership to enhance transparency across the UK and European asset management industry.

To achieve that target, FNZ and Clearstream have introduced a new business intelligence solution. Moreover, both companies are planning to assist asset management companies with their European fund distribution operations by delivering efficiency gains.

Through the newly launched solution, asset managers will be able to improve decision-making. The service will assist asset management companies via a ‘single source of truth’.

“We are excited to collaborate with Clearstream and firmly believe that we have found a strong partner to support our growth strategy for the benefit of the UK & European asset management sector. The partnership and our newly unveiled business intelligence solution will allow us to significantly enhance our support for asset managers by dramatically increasing transparency across the entire industry,” Adrian Durham, the CEO at FNZ Group, commented.

Amid the growing demand for financial products, Clearstream witnessed a rise in financial performance during 2021.

Business Intelligence Solution

In the recent announcement, Clearstream noted that the asset management industry requires an efficient and comprehensive business intelligence solution. Philippe Seyll, the CEO at Clearstream Banking S.A. and Head of Investment Fund Services, believes that the strategic partnership with ANZ is a major step towards an efficient financial services sector.

“We are thrilled to have FNZ as a strategic partner to our leading Clearstream Funds Services. With this partnership, we further grow our strong global network of fund execution and distribution partners via our Vestima and Fund Centre platforms. The new collaboration perfectly contributes to Clearstream’s endeavor to foster efficiency of financial markets, by providing high-quality data, state-of-the-art IT infrastructure, and innovative services for market participants worldwide,” Seyll said.