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
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
More news