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Danske-Bank-in-society Photo Danske Bank

Danske Bank picks Clearstream for fund processing

Deutsche Börse’s post-trade processing subsidiary Clearstream gets strategic partner status with Denmark’s leading bank, to consolidate its fund processing activities.

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The project sees Clearstream’s system Vestima offered for processing several types of funds on the same platform: mutual funds, hedge funds, private equity funds and ETFs, Clearstream writes in a press release. The provider also writes that it recently launched distribution support services.

Clearstream connects to funds domiciled in 48 jurisdictions, 30 of which are in Europe.

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