31.03.2015, 12:45
Clearstream opens new representative office in Zurich
OREANDA-NEWS. Clearstream – a full subsidiary of Deutsche Börse Group – is establishing a new representative office in Zurich on 1 April 2015 to better serve its growing customer base in the region. The office in Zurich will provide local services for clients based in Switzerland and Liechtenstein and will complement Clearstream’s network of offices around the world.
The inauguration of the new office is part of Clearstream’s strategic aim of strengthening ties to local markets. The new office is managed by Marco Geisselhardt, Head of Relationship Management, Investment Fund Services at Clearstream.
Philippe Seyll, Member of the Executive Board and Head of Investment Fund Services at Clearstream commented: “The opening of the new Zurich office is part of our strategy to extend our global network and to have a local presence in key investment fund centres around the world. The strong growth of investment fund assets is further strengthening Vestima’s role as the leading international fund market infrastructure for all types of funds.”
Marco Geisselhardt, Head of Relationship Management Investment Fund Services, at Clearstream and General Manager of the Zurich office, said: “The opening of a representative office in Zurich allows us to best serve our growing number of clients with large fund portfolios in Switzerland and Liechtenstein.”
About Clearstream
As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream - a full subsidiary of Deutsche Börse Group - provides the post-trade infrastructure for the Eurobond market and services for securities from 54 domestic markets worldwide. Clearstream’s customers comprise approximately 2,500 financial institutions in more than 110 countries. Its services include the issuance, settlement and custody of securities, as well as investment fund services and global securities financing. With more than 13.2 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.
With over 200,000 investment funds including 70,000 hedge funds on its Vestima fund processing platform and close to 9 million settlement instructions processed every year, Clearstream is one of the leading providers of investment fund services worldwide. The company is also the largest contributor to the standardisation of fund processing.
The inauguration of the new office is part of Clearstream’s strategic aim of strengthening ties to local markets. The new office is managed by Marco Geisselhardt, Head of Relationship Management, Investment Fund Services at Clearstream.
Philippe Seyll, Member of the Executive Board and Head of Investment Fund Services at Clearstream commented: “The opening of the new Zurich office is part of our strategy to extend our global network and to have a local presence in key investment fund centres around the world. The strong growth of investment fund assets is further strengthening Vestima’s role as the leading international fund market infrastructure for all types of funds.”
Marco Geisselhardt, Head of Relationship Management Investment Fund Services, at Clearstream and General Manager of the Zurich office, said: “The opening of a representative office in Zurich allows us to best serve our growing number of clients with large fund portfolios in Switzerland and Liechtenstein.”
About Clearstream
As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream - a full subsidiary of Deutsche Börse Group - provides the post-trade infrastructure for the Eurobond market and services for securities from 54 domestic markets worldwide. Clearstream’s customers comprise approximately 2,500 financial institutions in more than 110 countries. Its services include the issuance, settlement and custody of securities, as well as investment fund services and global securities financing. With more than 13.2 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.
With over 200,000 investment funds including 70,000 hedge funds on its Vestima fund processing platform and close to 9 million settlement instructions processed every year, Clearstream is one of the leading providers of investment fund services worldwide. The company is also the largest contributor to the standardisation of fund processing.
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