KSD, Clearstream in investment fund co-operation link
February 2, 2015

Clearstream and Korea Securities Depository (KSD) have signed a contractual framework in Seoul in respect of investment fund co-operation. They say the new partnership supports direct and indirect cross-border investment fund distribution by linking KSD's FundNet with Clearstream's global fund processing platform Vestima.

KSD chairman and CEO Jaehoon Yoo says the partnership significantly enhances its cross-border investment fund distribution capabilities. "In response to the diverse investment needs of customers, we decided to establish a link with Vestima, the largest global fund processing platform," he says. The partnership will also provide the domestic Korean asset management industry with lower costs and higher efficiency, he says.

Philippe Seyll, a member of the Clearstream executive board and head of investment fund services, described the partnership as a further milestone in its Asia fund strategy as it allows offshore fund managers to gain easy access to Korean investors. "Korea is a major domicile for investment funds in Asia, where markets are continuing to open up to offshore funds," he said.





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Clearstream and Korea Securities Depository (KSD) have signed a contractual framework in Seoul in respect of investment fund co-operation. They say the new partnership supports direct and indirect cross-border investment fund distribution by linking KSD's FundNet with Clearstream's global fund processing platform Vestima.

KSD chairman and CEO Jaehoon Yoo says the partnership significantly enhances its cross-border investment fund distribution capabilities. "In response to the diverse investment needs of customers, we decided to establish a link with Vestima, the largest global fund processing platform," he says. The partnership will also provide the domestic Korean asset management industry with lower costs and higher efficiency, he says.

Philippe Seyll, a member of the Clearstream executive board and head of investment fund services, described the partnership as a further milestone in its Asia fund strategy as it allows offshore fund managers to gain easy access to Korean investors. "Korea is a major domicile for investment funds in Asia, where markets are continuing to open up to offshore funds," he said.



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