Euroclear has signed a strategic agreement with Aegon UK to supply its end-to-end fund distribution solution, FundsPlace, for Aegon’s adviser platform. The move will see Aegon integrate Euroclear’s infrastructure to simplify fund access for UK advisers and their clients, states Euroclear in a press release.
FundsPlace connects more than 3,000 fund distributors and 2,500 asset managers globally, covering over 250,000 funds, including mutual funds, alternatives and ETFs. Under the agreement, Aegon UK will use the platform to access an integrated range of services spanning distribution, order routing, settlement, asset servicing and data management.
Digital transformation
Aegon UK said the partnership supports its ongoing efforts to automate and digitise its business. “Working with Euroclear is the next step in supporting advisers in making key investment choices for their clients,” said Ronnie Taylor, Chief Distribution Officer at Aegon UK.
Euroclear described the collaboration as a step towards improving efficiency and market access. “This partnership reflects our shared commitment to operational excellence, innovation and open market access,” said Sébastien Danloy, Chief Business Officer at Euroclear.
