Novo Banco, Portugal’s fourth largest bank, has chosen the Euroclear Fundsplace as an exclusive provider for capital distribution services.
The Euroclear Fundsplace is the solution to the distribution of End -to -end Euroclear, which connects more than 2,500 customers worldwide. Through the agreement, Euroclear will manage the platform services and automate the collection of novo banco for the Mutual Fund warehouse. Movement will reduce complexity, bring more transparency and improve the efficiency to the entire bank distribution model.
“Collaboration with Euroclear Fundsplace is a key step in our strategy for simplifying and enhancing our capital distribution activities. This collaboration allows us to provide greater efficiency and value to our customers, as we are better placed to provide a wider range Pereira, Executive Director at Novo Banco.
The Vincent clause, the global head of the capital strategy and the expansion of products to Euraxidrium comments: “This Agreement marks an important milestone in our long -term relationship with Novo Banco, with the central distribution of capital with European, reduced Euroclear market.
The move follows the Euroclear announcement announced by the acquisition of the Spanish provider of Spanish funds, further expanding its growing footprint in southern Europe.