Edmond de Rothschild (Suisse) S.A. (SWX:RLD) announced that has chosen Clearstream as strategic partner to streamline and consolidate its third-party fund processing activities. Clearstream’s investment funds processing infrastructure Vestima enables processing of all types of funds from mutual funds to hedge funds on a single platform.
The current regulatory agenda has made asset safety a key concern for financial institutions and the asset management industry. The fifth Undertakings for Collective Investment in Transferable Securities (UCITS V) directive and the Alternative Investment Fund Manager Directive (AIFMD) are reshaping the operational landscape of the European investment funds market, leading to a growing need for transparency and efficiency in investment funds processing.
Centralised solutions, such as Clearstream’s Vestima platform support market participants to comply with the regulatory requirements and new rules on risk mitigation. As an international central securities depository (ICSD), Clearstream is highly regulated and publicly discloses its risk management principles. Vestima’s secured transaction model is based on a delivery-versus-payment (DVP) settlement process that improves operational efficiency and reduces risks.
Philippe Seyll
Philippe Seyll, Co-CEO and Head of Investment Fund Services at Clearstream Banking, said:
We are delighted that Edmond de Rothschild has chosen Vestima for the processing of fund assets. Clearstream operates according to the highest standards of safety for customer assets, including asset segregation and delivery-versus-payment settlement. Edmond de Rothschild will benefit from our focus on risk management and the operational efficiency of our streamlined one-stop-shop solution across all fund types.