From PAPERJAM:
"Banque Internationale à Luxembourg (Bil) announced it has chosen Clearstream, the post-trade services provider of Deutsche Börse Group, to consolidate its entire investment fund execution, processing and distribution services. The announcement was made on 4 November 2025.
Under the agreement, Bil will transfer all fund servicing activities to Clearstream’s integrated fund platform, Vestima. The migration will cover mutual funds, exchange-traded funds and alternative investment vehicles. According to the statement, centralising these functions is intended to improve operational efficiency and client servicing while allowing Bil to scale its fund business more effectively. Both Bil and Clearstream are headquartered in Luxembourg...."