Clearstream partners with Standard Chartered to support United Arab Emirates (UAE) domiciled funds

  • Ensuring full compliance 
  • Offering enhanced custodial support
  • Enabling access for retail investors

Clearstream, the leading post-trade services provider, has partnered with Standard Chartered to facilitate the inclusion of United Arab Emirates (UAE) domiciled funds on its Vestima platform. 

This collaboration ensures seamless end-to-end fund processing and execution while maintaining compliance with recent regulatory updates from the Securities and Commodity Authority (SCA) of the United Arab Emirates. 

The partnership extends enhanced custodial support to Standard Chartered for the custody and execution of UAE domiciled funds and expands investment opportunities for retail clients through Clearstream’s Vestima platform enabling them to efficiently invest in UAE domiciled funds.

Neil Wise, Chief Commercial Officer for Clearstream Fund Services, stated, “We are excited to be part of Standard Chartered’s United Arab Emirates retail fund launch. This successful collaboration exemplifies our commitment to fostering partnerships and delivering market solutions. Through Vestima, custodians can continue to support local funds, contributing to the growth of the fund business in the UAE while adhering to regulatory standards.”

Owen Young, Managing Director and Regional Head of Wealth Management for Africa, the Middle East and Europe at Standard Chartered, stated: “At Standard Chartered, we are committed to supporting our clients' financial goals and aspirations. Through this successful collaboration with Clearstream, we are able to offer locally domiciled funds to our retail customers in the UAE and deliver on our promise to provide innovative and best-in-class investment solutions that cater to clients’ diverse needs while supporting the UAE government's vision of making the country a global financial hub.”

[Editorial note:  
Please find here a high resolution photo of Neil Wise

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 55 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 80,000 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. 

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About Standard Chartered Bank
We are a leading international banking group, with a presence in 52 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

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