January 22, 2020 BY Steffy Bogdanova

Clearstream and UBS to become partners in fund distribution services

Clearstream and UBS to embark on a long term partnership in investment fund services, Deutsche Börse Group announced yesterday. Clearstream is to acquire 51 per cent of Zurich-based fund distribution platform Fondcenter AG for CHF 389 million. UBS will keep the remaining 41 per cent of the shares according to a joint agreement between the…

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