DBS Bank selects Euroclear platform for investment funds
Euroclear today announced an agreement with Singapore-headquartered DBS Bank to onboard all of its investment funds onto Euroclear’s funds platform. Euroclear will now be able to provide a comprehensive solution for all of DBS Bank’s fund assets for trading, custody and distribution services.
The deal provides DBS Bank with a one-stop-shop for fund distribution and execution services via Euroclear’s extensive network. DBS Bank’s 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 customers across our retail, and private banking segments. By partnering with Euroclear and leveraging their integrated suite of fund services and broad fund distribution network, this will allow us to not only enhance our funds offering, but also boost our platform efficiency.”
Valerie Urbain, Chief Business Officer Euroclear group added:
“We are delighted to support DBS Bank in its growth ambitions as we continue to develop innovative services for fund distributors globally. Customer proximity is a key part of our value proposition, as demonstrated by the support and resources available through our presence in Asia. This client centric approach makes us best placed to service DBS Bank’s geographical expansion. We are proud to see the momentum achieved by our funds platform over recent years, supporting clients to achieve greater scalability, risk reduction, asset protection and revenue optimisation.”