Banque Internationale à Luxembourg (BIL) has chosen Clearstream, Deutsche Börse Group’s post-trade services provider, to centralise its entire investment fund execution, processing, and distribution services.
Through Clearstream’s integrated fund servicing platform, Vestima, BIL will streamline operations across mutual funds, ETFs, and alternative investment vehicles and improve efficiency and scalability.
By consolidating its fund servicing with Clearstream, the company says BIL’s ability to provide high-quality services to clients and distribution partners will be expanded, enabling a wider reach through Clearstream’s network of fund distributors and investors.
Clearstream’s fund distribution services will assist BIL in widening market access while upholding standards of transparency, compliance, and service excellence.
Both institutions are headquartered in Luxembourg, a global center for fund administration and cross-border distribution.
The firms say the partnership emphasises the country’s role as a leader in fund servicing, regulatory stability, and financial innovation.
Isa Scheunpflug, chief operating officer of BIL, remarks: “Partnering with Clearstream is a key milestone in our strategy to grow our investment fund business and expand our distribution footprint.
“Leveraging Clearstream’s infrastructure allows us to simplify operations, scale efficiently, and reinforce our commitment to Luxembourg as a global hub for fund innovation and cross-border distribution. Through this collaboration, we are able to enhance our client offering through facilitating access to a wider range of investments.”
Philippe Seyll, CEO for Clearstream Fund Services, adds: “We are proud to support BIL. Our shared Luxembourg heritage and global capabilities make this partnership both a natural fit and a powerful enabler of BIL’s strategic ambitions.
“Together, we are contributing to the continued growth and international reach of Luxembourg’s fund ecosystem”
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