Novo Banco has appointed Euroclear FundsPlace as its exclusive provider for fund distribution services, aiming to simplify operations and enhance client offerings.

Euroclear FundsPlace, the end-to-end fund distribution solution from Euroclear, connects more than 2,500 clients worldwide. Under the new agreement, Euroclear will manage platform services and automate trailer fee collection for Novo Banco’s mutual fund depot. This integration is going to reduce operational complexity, increase transparency, and improve efficiency across the bank’s distribution model.

Novo Banco Taps Euroclear FundsPlace to Streamline Fund Distribution

Elisabete Pereira, Executive Director at Novo Banco, emphasized the strategic importance of the collaboration: “Partnering with Euroclear FundsPlace is a key step in our strategy to simplify and enhance our fund distribution operations. This collaboration allows us to deliver greater efficiency and value to our clients as we are better positioned to provide a broader range of investment opportunities with improved service quality and responsiveness.”

Vincent Clause, Global Head of Funds Strategy and Product Expansion at Euroclear, added: “This agreement marks a significant milestone in our long-standing relationship with Novo Banco. By centralising fund distribution with Euroclear, Novo Banco reinforces its commitment to operational excellence and investor transparency. By leveraging Euroclear’s trusted infrastructure, Novo Banco benefits from greater scale, reduced complexity, and improved market connectivity.”

The partnership reflects a growing trend among European banks to modernize fund distribution through technological solutions. By consolidating services and automating key processes, banks can enhance client experience while reducing operational risk.

This development follows Euroclear’s recent acquisition of Spanish fund services provider Inversis, further expanding its presence in Southern Europe. By combining its established network with advanced fund distribution capabilities, Euroclear continues to strengthen its position as a leading provider of investment infrastructure in the region.

So, with this collaboration, Novo Banco positions itself to offer more efficient, transparent, and responsive services, providing investors with improved access to a diverse range of mutual fund products.

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