Clearstream, a global post-trade services provider, has been selected by Quintet Private Bank, a Luxembourg-based wealth manager, to support its fund processing and distribution activities.
Building on the long-standing relationship between the two firms, Quintet – which serves high net worth individuals and their families as well as a wide range of institutional and professional clients – now brings its fund execution and distribution to Clearstream Fund Services.
By integrating this activity into the Clearstream platform, Quintet aims to enhance operational efficiency, supporting its ability to meet customer needs more effectively. Quintet will benefit from Clearstream’s high asset security standards and streamlined fund processing functions – including trading, post-trade and trailer commissions – as well as access to a comprehensive suite of services from Clearstream, including fund data services which improve clarity.
Pierre-Jean Frognet, Head of Operations at Quintet Luxembourg, said:
“Clearstream’s established expertise in secure funds execution and distribution, combined with the company’s commitment to data and technology innovation, aligns perfectly with our vision for our funds processing operations.”
Neil Wise, Chief Commercial Officer for Clearstream Fund Services added:
“We are delighted that Quintet is expanding its existing capital services partnership with Clearstream. It is a tribute to the long-standing trust and cooperation between our two companies as well as our commitment to innovation. With our ever-expanding one-stop shop for investment funds, we can ensure streamlined, efficient and secure processing and distribution services for all types of funds.”