Euroclear today announced an agreement with Singapore-based DBS Bank to integrate all of its investment funds into Euroclear’s funds platform. Euroclear will now be able to provide a comprehensive solution for all DBS Bank fund assets for trading, custody and distribution services.
The agreement provides DBS Bank with a one-stop-shop for funds distribution and execution services through Euroclear’s extensive network. DBS Bank customers will now have access to more than 100,000 funds.
Shee Tse Koon, Group Head of DBS Consumer Banking and Wealth Management said:
“We are laser focused on providing the most comprehensive investment solutions to our clients across our retail and private banking divisions. By partnering with Euroclear and leveraging our comprehensive suite of capital services and extensive capital distribution network, this will allow us to not only enhance our capital offering, but also enhance the efficiency of our platform.”
Valerie Urbain, Chief Business Officer Group Euroclear added:
“We are delighted to support DBS Bank in its growth ambitions as we continue to develop innovative services for capital distributors worldwide. Proximity to the customer is a key part of our value proposition, as evidenced by the support and resources available through our presence in Asia. This customer-centric approach makes us best suited to serve DBS Bank’s geographic expansion. We are proud to see the momentum our funds platform has achieved in recent years, supporting clients to achieve greater scalability, risk reduction, asset protection and revenue optimization.”