23 September 2014
Reporter: Catherine Van de Stouwe
Euroclear and SIX partner for Swiss clients
SIX Securities Services and Euroclear Bank have joined forces in a co-operation initiative to provide more cost- and risk-efficient fund services to Swiss investors.

Under the agreement, Six and Euroclear are bringing together order routing and unit settlement onto a single platform for all types of fund transactions. This will benefit clients by giving them an enhanced service quality and processing efficiencies.

In addition to this, specialist hedge fund know-how and experience as well as integrated reporting for all asset classes will be on offer to clients.

Mutual clients of SIX and Euroclear will benefit from market proximity, with SIX covering primarily Swiss market securities and clients, combined with Euroclear’s significant global network of over 500 transfer agents.

The partnership has also allowed for cost savings through processing and standardization and the reduction of risk though the straight-through processing of transactions, with an option to open segregated accounts.

Tim Howell, CEO of Euroclear, said: “We welcome the alliance with SIX Securities Services which integrates the expertise, scale and services of our two organisations for the benefit of Swiss wealth management.”

“This open-architecture co-operation between two infrastructure powerhouses comes at a time when regulatory changes like the [Market in Financial Instruments Directive], [Alternative Investment Fund Managers Directive] and UCITS V are pushing our industry towards greater processing certainty, asset protection and related portfolio transparency.”

CEO of SIX Securities Services, Thomas Zeeb, said: “This is a demonstration of our long-term commitment to this market and capitalises on our deep understanding of client needs as well as our specialist hedge fund expertise.”

“This is, effectively, two partners you can trust – delivering services out of one hand.”

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
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Julius Baer builds on UK and Ireland compliance team
22 May 2017 | London | Reporter: Stephanie Palmer
Julius Baer International has appointed John Dodds as head of compliance for the UK and Ireland
More news