London
20 September 2013
Reporter: Jenna Jones
Euroclear UK & Ireland attracts more fund managers
F&C Investments, Liontrust Fund Partners and Old Mutual Global Investors have signed up to Euroclear UK and Ireland’s investment fund service.

John Trundle, CEO of Euroclear UK and Ireland, said: “We are seeing growing momentum in the UK fund community to reduce the risks and costs associated with fund transaction processing. The combination of automated order routing services fully integrated with delivery-versus-payment settlement, offers Euroclear UK & Ireland’s clients a unique and effective means to achieve these objectives.”

Gary O’Brien, head of client services at Old Mutual Global Investors, said: “We expect to see real improvement in our transaction settlement, cash and fund unit balance reconciliations, re-registrations and portfolio transfers as a result of the electronic and automated features of Euroclear UK and Ireland’s investment fund service.”

Andy Olding, head of group fund services at F&C Investments, commented: “Reducing risk and increasing cost efficiency for our clients is crucial for F&C. We look forward to the benefits that a fully automated, end-to-end transaction flow will bring to F&C by using Euroclear UK and Ireland’s investment fund service.”

Jeff Digweed, head of transfer agency at Liontrust Fund Partners, added: “Migrating to the Euroclear UK and Ireland settlement service has been achieved quickly and efficiently. The teams involved, including IFDS, RBS and Euroclear all worked well together and we were ready to test and process our first transactions in record time.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Northern Trust has reported a 16 percent rise in assets under custody in Q2 2017.
Standard Chartered builds on securities services team
25 July 2017 | Singapore | Reporter: Jenna Lomax
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing, securities services and transaction banking
UniCredit embarks on test phase for European instant payments
25 July 2017 | Milan | Reporter: Stephanie Palmer
UniCredit has started testing EBA Clearing’s instant payment solution RT1, in preparation to roll out instant payments multinationally
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
More news