Berenberg Selects Clearstream for Comprehensive Fund Distribution Support and Asset Consolidation

Building on a 20-year relationship, Berenberg’s Wealth Management division will now leverage Clearstream’s extensive fund distribution platform for fund distribution support, fund custody consolidation and centralized management to achieve greater scale and streamline processes. The move provides Berenberg’s clients with access to a wide range of international funds and markets.

This integration streamlines fund processing operations, including trading, post-trading, and trailer fees. Additionally, Berenberg will gain access to Clearstream’s extensive suite of services, providing a complete all-in-one solution.

Christophe Hefti, Head of Sales in Central and Eastern Europe for Clearstream Fund Services, said: “The collaboration with Berenberg will expand their clients' access to a diverse range of international funds and markets. This allows Berenberg to focus on their core offering – advisory of investment products for their clients – while ensuring that their clients benefit from the highest standards of service and regulatory compliance.”

Founded in 1590, Berenberg is one of Europe’s leading privately owned banks today with its Wealth and Asset Management, Investment Bank and Corporate Banking divisions. Headquartered in Hamburg and led by managing partners, Berenberg maintains a strong presence in the financial centers of Frankfurt, London and New York.

Sebastian Zimmerman, Chief Operating Officer for the Wealth and Asset Management division at Berenberg said: “Clearstream is a trusted and reliable partner, offering a highly competitive and comprehensive range of services. This new agreement will enable Berenberg to optimize distribution processes and improve operational efficiency. We are confident that this will enable us to provide a more efficient and cost-effective service to our clients.