From the Luxembourg Times:

"Investment funds, and particularly alternative funds, are making up an increasingly important share of Clearstream’s business, one of its top executives said in an interview ahead of an annual conference.

The financial firm has €300 billion in alternative assets under custody, Neil Wise, chief commercial officer and member of the executive board at Clearstream Fund Services, told the Luxembourg Times last Thursday.

That “has grown from nothing 11 years ago,” when Clearstream acquired Citco Global Security Services, “which was our first foray into the alternative fund arena,” Wise said...."

 

Read the Full Article