Clearstream Fund Centre SA is the new bank launched by Clearstream. Managed from Luxembourg, it provides a platform where fund distributors and fund managers can interact.
Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.
Clearstream on 12 April announced the creation of a new bank based in Luxembourg that will be dedicated to institutional fund investors: Clearstream Fund Centre S.A.
Fund data manager Kneip announced on 25 January that has become the sole provider of fund information for Clearstream. Delano talked to Kneip CEO Enrique Sacau to find out what this means for Luxembourg.