Clearstream partners with FNZ for UK/Europe asset manager data analytics

FNZ, the global wealth management platform, and Clearstream, Deutsche Börse Group’s post-trade services provider, have entered a strategic partnership that will significantly increase transparency for the UK and European asset management industry through the launch of a new business intelligence solution.

Currently, investment distribution information is fragmented and there is very little connectivity across the industry, meaning asset managers need to seek information from wherever they distribute funds.

The new solution enabled by FNZ and Clearstream via its Fund Centre capabilities will provide asset managers with the global and regional intelligence they require to analyze market trends, better understand behavior, improve decision making around fund distribution, and ultimately deliver stronger business, customer and regulatory outcomes.

In addition to the business intelligence solution, FNZ and Clearstream will also support asset managers with their European fund distribution operations by delivering efficiency gains, enabled by Clearstream’s integrated, end-to-end fund dealing and custody solution, and FNZ’s wealth management platform. This service will provide asset managers with a “single source of truth”, aggregating data and insights to unify sales, product, risk, compliance and operational oversight functions under a single view.

Adrian Durham, CEO at FNZ Group, said in a statement: “The partnership and our newly unveiled business intelligence solution will allow us to significantly enhance our support for asset managers by dramatically increasing transparency across the entire industry. This will help us to deliver significant operational efficiencies, reduce friction and enhance the customer experience.”

Philippe Seyll, CEO at Clearstream Banking S.A. and head of Investment Fund Services, said in a statement: “With this partnership, we further grow our strong global network of fund execution and distribution partners via our Vestima and Fund Centre platforms. The new collaboration perfectly contributes to Clearstream’s endeavor to foster efficiency of financial markets, by providing high-quality data, state-of-the-art IT infrastructure and innovative services for market participants worldwide.”

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