Thurgauer Kantonalbank chooses Clearstream as fund distribution services provider
Switzerland-based Thurgauer Kantonalbank has chosen Clearstream to consolidate all its fund distribution support-related activities. Thurgauer Kantonalbank will align the full range of services around distribution support and commission management via Clearstream’s Fund Centre platform, benefitting from reduced internal costs associated with the collection of trailer fees, as well as from optimised effective payment.
Clearstream Fund Centre covers a full range of fund distribution support services built on the strong expertise and global network of asset managers. The platform supports fund distributors and asset managers for compliance-based KYD processes and to comply with latest regulatory challenges around fund distribution, such as MiFID II.
Philippe Seyll, CEO of Clearstream Fund Centre S.A., said: “We are delighted to welcome Thurgauer Kantonalbank to our Fund Centre distribution network. Putting our clients’ needs at the forefront of our ambitions, we connect fund distributors and asset managers worldwide, supporting them with best-in-class technology and efficient distribution management. We look forward to offering a complete and scalable funds solution to Thurgauer Kantonalbank for many years to come.”
About Clearstream Fund Services
Clearstream is the innovative and trusted post-trade business for the global markets. Its segment Clearstream Fund Services delivers solutions for the entire fund ecosystem via its three key business lines:
Vestima as the world’s largest fund processing platform provides order execution, settlement and custody services for more than 230,000 funds, ensuring highest asset safety for over 50 fund markets worldwide.
Fund Centre, one of the leading European fund distribution platforms, connects international asset managers and fund houses with distribution partners, providing access to over 72,000 funds.
Kneip as one of the leading European fund data hubs provides premier fund data management and reporting solutions for the asset management industry.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Thurgauer Kantonalbank
With 800 employees and total assets of over CHF 30 billion, Thurgauer Kantonalbank (TKB) is one of the largest banks in Switzerland. The listed financial institution is the market leader in Thurgau and offers comprehensive financial services for private individuals, companies, businesses and the public sector. The main owner of the public-law institution, founded in 1871, is the canton of Thurgau. TKB responsibly fulfils its legally stipulated performance mandate for a strong economy. It is one of the largest employers in the canton, trains numerous apprentices and is a sponsor and patron of sport, culture and society in Thurgau.
www.tkb.ch