Switzerland-based Thurgauer Kantonalbank has chosen Clearstream to consolidate all its fund distribution support-related activities.

Thurgauer Kantonalbank will align the full range of services around distribution support and commission management via Clearstream’s Fund Centre platform, benefitting from reduced internal costs associated with the collection of trailer fees, as well as from optimised effective payment.

Clearstream Fund Centre covers a full range of fund distribution support services built on the strong expertise and global network of asset managers. The platform supports fund distributors and asset managers for compliance-based KYD processes and to comply with latest regulatory challenges around fund distribution, such as MiFID II.

Philippe Seyll, CEO of Clearstream Fund Centre S.A., said:

“We are delighted to welcome Thurgauer Kantonalbank to our Fund Centre distribution network. Putting our clients’ needs at the forefront of our ambitions, we connect fund distributors and asset managers worldwide, supporting them with best-in-class technology and efficient distribution management. We look forward to offering a complete and scalable funds solution to Thurgauer Kantonalbank for many years to come.”