Clearstream awarded for best 'Buy-Side solution'
Clearstream won the ‘Buy-side solution’ award as part of Goodacre's 'Systems in the City' Awards 2014 in recognition of its Vestima investment fund processing platform.
The 'Systems in the City' awards reward the leading service and system suppliers to the regulated financial community in the United Kingdom. The awards are managed by Goodacre UK, the leading specialist consultancy for the securities industry in the United Kingdom.
The award was handed over during the awards ceremony in London on 3 July 2014.
Neil Wise, Vice President, Investment Fund Services at Clearstream said, "With the introduction of the Retail Distribution Review (RDR) in the UK and with financial regulators increasingly monitoring fund processing and asset protection, wealth managers are now under more pressure than ever to protect their client investments and provide best in class operations. Clearstream and our Vestima fund custody solution provide the market with exactly this, a state of the art solution for wealth managers to manage their order placement, settlement, asset servicing needs."
Clearstream’s Vestima fund processing solution delivers full automation across order placement, Delivery versus Payment (DVP) settlement and asset servicing. This activity is supported from the same platform the company is using to support customer’s fixed income, equities or warrants ensuring a streamlined process for all asset classes.