Clearstream, a global post-trade services provider, has been selected by Quintet Private Bank, a wealth manager headquartered in Luxembourg, to support its mutual fund execution and distribution processing activities.
Building on the long-standing relationship between the two companies, Quintet – which serves wealthy individuals and their families as well as a broad range of institutional and professional clients – is now bringing its mutual fund execution and distribution processing to Clearstream Fund Services.
By consolidating this activity on the Clearstream platform, Quintet aims to enhance operational efficiency, supporting its ability to meet client needs more effectively. Quintet will benefit from Clearstream’s high standards of asset safety and streamlined fund processing operations – including trading, post-trading and trailer fees – as well as access to a comprehensive suite of services from Clearstream, including clarity-enhancing fund data services.
Pierre-Jean Frognet, Head of Operations at Quintet Luxembourg, said:
“Clearstream’s established expertise in safe and secure fund execution and distribution, coupled with the company’s commitment to innovation in data and technology, aligns perfectly with our vision for fund processing operations.”
Neil Wise, Chief Commerical Officer for Clearstream Fund Services added:
“We are delighted that Quintet is expanding its existing collaboration for fund services with Clearstream. It is a tribute to the long-standing trust and collaboration between our two companies as well as our commitment to innovation. With our ever-expanding one-stop shop for investment funds, we can ensure streamlined, efficient and safe processing and distribution services for all fund types.”
