Deutsche Boerse

HSBC has chosen Clearstream, Deutsche Börse’s Luxembourg-based post-trading service provider, as its global partner for administering investment fund activities for fund order routing, safekeeping, settlement and distribution support services.

Marc Peter Klein will join Deutsche Börse as Managing Director Group Compliance on 1 January 2023. 

A relatively new asset owner-led platform providing information needed to decide on sustainable development investments is gaining global traction now that the world’s biggest asset management firm Blackrock has decided to join as a subscriber.

Wealth management platform FNZ and Clearstream, Deutsche Börse Group’s post-trade services provider, said that they have agreed a strategic partnership that will help asset managers get a better view of information required for the distribution of investment information.

Fierce competition has emerged in the changing data landscape for investment funds, and Luxembourg is the finding itself at the centre of attention. The Frankfurt and Luxembourg stock exchanges now confront each other face to face in the grand duchy, while the Paris bourse has thrown its towel into the ring and is back on the sidelines. 

Deutsche Börse Group is taking over Luxembourg-based fund data specialist Kneip Communication S.A. for an undisclosed amount in order to expand its offerings in the data services space and to develop an international fund data hub based in the Grand Duchy.

This partnership forms the basis for creating a leading fund data hub based in Luxembourg, the companies said in a joint statement.