Clearstream establishes bank

Clearstream, the post-trading services provider owned by Deutsche Börse, has established Clearstream Fund Centre S.A., a bank based in Luxembourg dedicated to serving institutional fund investors. The new entity operates under a commercial banking licence in Luxembourg. It will be part of Deutsche Börse’s and Clearstream’s Fund Services business segment, which provides fund execution, distribution and data management. Clearstream Fund Centre S.A. will serve Vestima, Clearstream’s fund execution business, which offers access to more than 230,000 funds in over 50 markets.

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