UBS has selected Clearstream to consolidate all fund distribution support activities previously handled by the now-acquired Credit Suisse (CS) business. This strategic decision will see UBS integrate the full range of distribution services via Clearstream’s Fund Centre platform, aimed at improving operational efficiency and reducing internal costs.
The collaboration will enable UBS to streamline processes, particularly in the collection of trailer fees, and optimize contract management, all while maintaining a sharp focus on core capabilities to support growth. By leveraging Clearstream’s advanced platform, UBS positions itself to strengthen its distribution framework and expand its reach in the global market.
UBS Selected Clearstream to Streamline Fund Distribution Operations
Clearstream’s Fund Centre platform offers a comprehensive suite of services for fund distributors and asset managers, including compliance tools to meet the evolving regulatory landscape, such as MiFID II. This partnership reflects the market’s growing confidence in Clearstream’s role as a leading third-party platform for fund distribution and underscores the company’s continued rise in Assets under Distribution (AuD).
Philippe Seyll, CEO of Clearstream Fund Centre S.A., expressed enthusiasm about the expanded collaboration, noting, “We are happy to deepen our excellent relationship with UBS, now extending our support to the former CS business within UBS through our comprehensive fund distribution services. At Clearstream Fund Centre, we bridge the gap between fund distributors and asset managers globally, leveraging cutting-edge technology and streamlined distribution management. The continued trust UBS places in us underscores our unwavering dedication to client-centric excellence. We are committed to upholding the high standards that have earned this confidence and look forward to driving mutual success.”
This partnership marks a significant milestone in UBS’s integration of the former CS business and reinforces Clearstream’s position as a trusted partner for fund distribution.
This collaboration also highlights the increasing confidence in Clearstream’s ability to deliver comprehensive, technology-driven solutions for the global asset management industry, reinforcing its leadership in the fund distribution space.
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