07 October 2015

Euroclear UK & Ireland reports more wins for investment fund service

03 February 2014  |  916 views  |  0 Source: Euroclear UK & Ireland

Euroclear UK & Ireland has signed up five more UK fund managers to its investment fund service already this year.

These investment firms have chosen to automate the settlement and reconciliation phase of their funds' transaction processing cycle with the UK's central securities depository. The fund managers already use Euroclear UK & Ireland for automated order routing. The funds managers are:

• Aviva Investors

• Legg Mason Global Asset Management

• Martin Currie Investment Management

• Neptune Investment Management

• Royal London Asset Management

Katrina Sartorius, Head of Product Management at Euroclear UK & Ireland, said: "The momentum we saw last year has continued into 2014 with five more investment managers choosing the benefits of our established funds offering. We welcome Aviva, Legg Mason, Martin Currie, Neptune and Royal London which are now benefitting from Euroclear UK & Ireland's robust, cheap and efficient investment funds service. They join other leading funds managers such as M&G, Aberdeen and Invesco."

Tim Orton, Pensions and Investments Product Director from Aviva, stated: "The automated services that Euroclear UK & Ireland now offer us go a long way to abolishing manual and time-consuming administrative processes.

Not only are we freeing up resources internally to focus on business critical areas, we are passing on efficiency savings to our clients which should, over time, reduce the overall cost of fund ownership."

Pritie Sharma, Head of Investor Services from Neptune, commented: "Euroclear UK & Ireland's fund services enable Neptune to provide its clients with clarity and risk-avoidance afforded by real-time balance reconciliation. Cash and unit balance movements now happen in tandem, which was not the case previously."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Who is commenting?

Top topics

Most viewed Most shared
Banks face choice to collaborate or compet...
8471 views comments | 43 tweets | 49 linkedin
BNP Paribas to pilot cards with dynamic CV...
6712 views comments | 31 tweets | 36 linkedin
Worldpay trials facial recognition technol...
6527 views comments | 24 tweets | 39 linkedin
How do you reach out to today's digital ba...
6211 views 2 | 3 tweets | 2 linkedin
Payments firm Adyen scores funding at $2.3...
5062 views comments | 16 tweets | 14 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job