HSBC Appoints Clearstream For Third-Party Fund Processing And Distribution Support Services

Vestima, Clearstream’s investment fund processing infrastructure, enables processing of all types of funds – from mutual funds to hedge funds, private equity and ETFs – on a single platform. Clearstream Fund Centre provides centralised contract maintenance and commission management as well as the exchange of data and information between distribution partners and fund providers. 

By centralising fund processing and distribution support services with Clearstream, HSBC’s Markets & Securities Services business will have comprehensive support for fund order routing and settlement services, resulting in enhanced operational efficiencies and broader coverage of the fund universe.

Sebastien Danloy, Global Head of Investor Services, Markets & Securities, at HSBC, said: “We selected Clearstream as our global partner to simplify our post-trade operations, drive digitisation and enable further growth for fund order routing and settlement activities. The combined strengths of Clearstream’s offering and HSBC’s international network will enable us to offer our global clients industry-leading digitised solutions for fund order routing, settlement and associated services.” 

Philippe Seyll, Chief Executive Officer of Clearstream Fund Centre S.A., added: “We are delighted to be collaborating with HSBC in this partnership, which will create high operational synergies and optimise the mutual growth of our funds business. HSBC and its wide and diverse institutional client base stand to benefit from our proven infrastructure, which is recognised for its extremely high levels of asset safety and distribution services capability. We welcome HSBC to our ever-growing community of global custodian clients.”