Arbuthnot Latham has moved to Euroclear’s UK & Ireland’s (EUI) CREST investment fund service and will now benefit from full automation of settlement for its UK investment funds.
Arbuthnot Latham, part of the Arbuthnot Banking Group, is a merchant bank offering investment management and wealth planning services to high net worth private individuals and commercial clients.
According to Euroclear, this automation of fund transaction settlement will allow Arbuthnot Latham to offer end-to-end automation for the settlement of fund units and applicable cash movements.
Euroclear noted that from the placing of a funds order to the settlement, transfer, reconciliation and corporate action processing of the asset, the service makes a fund held in the UK as easy to administer as any other EUI-eligible instrument.
Martin Williams, head of investment management operations at Arbuthnot Latham, said: “The move to Euroclear UK & Ireland’s investment fund service is another milestone in our drive to reduce operational risk, increase controls and move to automate processes, we are pleased to have worked in partnership with EUI to help achieve these goals.”
Stephan Pouyat, global head of capital markets and funds, Euroclear, commented: “We are extremely pleased to welcome Arbuthnot Latham to our service.”
He added: “The end to end automation of their fund transactions will result in a reduction of risk and costs as well as provide full line of sight of their settlement obligations which will also improve liquidity.”
