FNZ, the global wealth management platform, and Clearstream, Deutsche Börse Group’s post-trade services provider, have entered a strategic partnership with the aim of increasing transparency for the UK and European asset management industry.
According to FNZ, investment distribution information is fragmented and there is very little connectivity across the industry, meaning asset managers need to seek information from wherever they distribute funds.
Through this partnership the companies will launch a business intelligence solution enabled by Clearstream’s Fund Centre capabilities. The solution will provide asset managers with the global and regional intelligence they require to analyse market trends, better understand behaviour, improve decision making around fund distribution, and ultimately delivery strong business customer and regulatory outcomes.
In addition to the business intelligence solution, FNZ and Clearstream will also support asset managers with their European fund distribution operations by delivering efficiency gains, enabled by Clearstream’s integrated, end-to-end fund dealing and custody solution, and FNZ’s wealth management platform. This service will provide asset managers with a ‘single source of truth’, aggregating data and insights to unify sales, product, risk, compliance and operational oversight functions under a single view.
Adrian Durham, CEO at FNZ Group, said, “The partnership and our newly unveiled business intelligence solution will allow us to significantly enhance our support for asset managers by dramatically increasing transparency across the entire industry.”
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