Euroclear and DBS Bank have entered into a strategic partnership to integrate all of DBS Bank’s investment funds into Euroclear’s funds platform. This collaboration enables Euroclear to offer a comprehensive solution for trading, custody, and distribution services for all of DBS Bank’s fund assets.
With this partnership, DBS Bank gains access to a centralized platform, streamlining fund distribution and execution services through Euroclear’s extensive global network. This move also allows DBS Bank’s customers to tap into a broad spectrum of over 100,000 funds, providing them with a more diverse range of investment opportunities.
Shee Tse Koon, Group Head of DBS Consumer Banking and Wealth Management, expressed the bank’s commitment to delivering comprehensive investment solutions to customers across retail and private banking segments. By leveraging Euroclear’s integrated suite of fund services and extensive distribution network, DBS Bank aims to enhance its funds offering and improve platform efficiency.
DBS Bank Partnership with Euroclear for Enhanced Fund Services
However, Valerie Urbain, Chief Business Officer of Euroclear group, highlighted the importance of supporting DBS Bank in its growth ambitions and emphasized Euroclear’s dedication to developing innovative services for fund distributors globally. The collaboration underscores Euroclear’s customer-centric approach, leveraging its presence in Asia to assist DBS Bank in its geographical expansion.
Moreover, Urbain expressed pride in the momentum achieved by Euroclear’s fund’s platform in recent years, emphasizing its role in helping clients achieve greater scalability, risk reduction, asset protection, and revenue optimization. The partnership between Euroclear and DBS Bank is a testament to the continuous evolution and innovation within the financial services industry.
In conclusion, the strategic collaboration between Euroclear and DBS Bank marks a significant milestone in the financial services landscape. By integrating all of DBS Bank’s investment funds onto Euroclear’s platform, both entities are poised to deliver a comprehensive and streamlined solution for fund trading, custody, and distribution. DBS Bank’s customers stand to benefit from an expanded array of over 100,000 funds, reflecting the commitment of both institutions to providing diverse investment opportunities. This partnership not only enhances DBS Bank’s fund offerings but also signifies Euroclear’s dedication to supporting the growth ambitions of its clients globally. As the financial industry continues to evolve, this alliance exemplifies a customer-centric approach and underscores the importance of innovative services in fostering efficiency, risk management, and scalability.
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