The company’s fund desk umbrella will integrate the Swisscanto Funds Centre Ltd., which it acquired in 2018, as well as provide distribution support services to complement its processing platform, Vestima.

According to the company, the new support services come at a time when “heightened product governance and regulatory requirements under MiFID II have increased the call for more data, transparency and standaridsation in fund distribution.”

Clearstream’s head of investment funds services, Bernard Tancré, added that the “service enhancement was strongly driven by client demand,” adding: “It supports market participants in facing regulatory and other market challenges around fund distribution, such as MiFID II in the European Union and having full control over distribution chains.”

Clearstream, an international central securities depository, is the post-trade services provider of the Deutsche Börse Group. It has some 2,500 customers in 110 countries worldwide. In Q1 2019, the Group’s net revenue increased 4% to €721m, citing Clearstream as a significant contributor to the growth, due mainly to interest income from banking, especially from higher interest rates in the US.