Clearstream reports that it is opening a new representative office in Zurich tomorrow (April 1) to better serve its growing customer base in the region. Marco Geisselhardt, head of relationship management, Investment Fund Services at Clearstream, is named as its first manager.

Philippe Seyll, head of investment fund services describes the move as part of Clearstream's strategy to extend its global network and to have a local presence in key investment fund centres around the world. 

 He points in particular to the strong growth of investment fund assets which is further strengthening the role of its Vestima fund processing platform as the leading international fund market infrastructure for all types of funds.

Clearstream calculates that over Vestima processes close to 9 million settlement instructions every year.

Cogency Software, a provider of software and services for institutional investors, reports that Aurora Investment Management has chosen it for its partnership accounting and portfolio management platform.

Deutsche Bank has been mandated to act as depositary bank for the sponsored Level III NASDAQ-listed American Depositary Receipt programme of Videocon d2h Limited (Videocon d2h).

Russia's National Settlement Depository (NSD) and Interfax information agency have launched a joint project aimed at the collection, verification and distribution of corporate information. 

From today (April 2 2015), securities bought under the eurozone quantitative easing programme are being made available for securities lending by a number of Eurosystem central banks. 

Baring Asset Management has named Edmund Chong as Hong Kong-based head of sales, client service and business development – distribution, Asia ex Japan. 

Milford Asset Management has been suspended from its role as asset manager by The Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund, until a Financial Markets Authority (FMA) investigation into Milford is completed.