FNZ and Clearstream to launch business intelligence solution for EMEA asset managers

Asset managers will be provided with a ‘single source of truth’, aggregating data and insights to unify sales, product, risk, compliance and operational oversight functions under a single view.

FNZ has partnered with Clearstream, Deutsche Börse Group’s post-trade services provider, to increase transparency for the UK & European asset management industry.

Through the partnership, FNZ will launch a new business intelligence solution that addresses the fragmentation of the current investment distribution information, which has very little connectivity across the industry, meaning asset managers need to seek information from wherever they distribute funds.

Adrian Durham, CEO at FNZ Group, said: “We are excited to collaborate with Clearstream and firmly believe that we have found a strong partner to support our growth strategy for the benefit of the UK & European asset management sector. The partnership and our newly unveiled business intelligence solution will allow us to significantly enhance our support for asset managers by dramatically increasing transparency across the entire industry. This will help us to deliver significant operational efficiencies, reduce friction and enhance the customer experience – furthering FNZ’s mission of opening up wealth and making wealth management accessible to more people.”

Philippe Seyll, CEO at Clearstream and Head of Investment Fund Services, added: “We are thrilled to have FNZ as a strategic partner to our leading Clearstream Funds Services. With this partnership, we further grow our strong global network of fund execution and distribution partners via our Vestima and Fund Centre platforms. The new collaboration perfectly contributes to Clearstream’s endeavor to foster efficiency of financial markets, by providing high-quality data, state-of-the-art IT infrastructure and innovative services for market participants worldwide.”

The solution will provide asset managers with the global and regional intelligence they require to analyze market trends, better understand behavior, improve decision making around fund distribution, and ultimately deliver stronger business, customer and regulatory outcomes.

FNZ and Clearstream will also support asset managers with their European fund distribution operations by delivering efficiency gains, enabled by Clearstream’s fund dealing and custody solution and FNZ’s wealth management platform.

Asset managers will be provided with a ‘single source of truth’, aggregating data and insights to unify sales, product, risk, compliance and operational oversight functions under a single view.

FNZ has recently raised US$1.4 billion in new equity funding from Canada Pension Plan Investment Board (CPP Investments) and Motive, valuing the wealth management platform at over US$20 billion.

This was one of the largest ever primary equity raises in the wealth management sector as FNZ looks to firmly expand geographically and innovate.

FNZ works with over 650 financial institutions to cater to 20 million people from all wealth segments, including savings and retirement, affluent and high-net worth, to create wealth through long-term investment.

The capital raise will fuel increased R&D, as well as drive growth in markets that FNZ has recently entered, in particular North America. CPP Investments is investing a total of US$1.1 billion.

In the last five years, it has grown assets under administration over seven-fold from US$212 billion to over US$1.5 trillion.