Clearstream wins Platform confidence

Platform Securities, a provider of outsourced clearing and settlement services for UK wealth managers, has chosen to use Clearstream for the safekeeping of its offshore custody business.

The decision was primarily motivated by efficiency gains and asset safety provided by Clearstream’s real-time settlement solutions across all asset classes including investment funds, says the official bulletin detailing the arrangement.

Philip Brown, co-chief executive officer of Clearstream Banking, said: “We are delighted that Platform Securities, a member of the Fidelity National Information Services Group and a prominent player in outsourcing for the UK wealth management industry, has chosen Clearstream for its offshore custodian for all asset classes. We welcome Platform Securities to our ever-growing community of UK-based clients which validates our best in class services for the processing of UK and international services.”