Deutsche Börse completes acquisition of remaining stake in Clearstream Fund Centre

Release date: 01 Jun 2021

Deutsche Börse Group

- Deutsche Börse becomes sole shareholder of Clearstream Fund Centre AG

- The transaction completes the transition from UBS to Deutsche Börse and marks the successful integration into the Group’s post-trade services provider Clearstream

Deutsche Börse completed the acquisition of the remaining 49% stake in Clearstream Fund Centre from UBS on 1 June, becoming the sole shareholder of the Zurich-based fund distribution platform.

In September 2020, Deutsche Börse had acquired the first 51% of Clearstream Fund Centre, formerly known as Fondcenter, from UBS. The transaction included the option to acquire the remaining shares at a later point in time. On 6 May 2021, Deutsche Börse announced that it would acquire the remaining 49% in the company for CHF 390 million. UBS remains a key long-term partner of Clearstream across the full value chain of the funds services market.

Deutsche Börse has successfully established and further built out Clearstream Fund Centre as a centre of excellence for global fund distribution support with over EUR 300 billion assets under administration. The acquisition underlines Deutsche Börse’s mid-term growth strategy “Compass 2023” to integrate businesses with high synergy potential that are a strong fit for its strategic growth areas.

About Clearstream

As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With around EUR 16 trillion in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.

Clearstream delivers investment fund solutions built on asset safety and distribution efficiency. The Vestima one-stop shop for funds acts as single point of entry for orders, streamlined cash management and consolidated position reporting in a secure environment. Clearstream offers customers direct access to local domiciled funds in 50 jurisdictions worldwide, of which 30 are in Europe. The Fund Centre offering complements Vestima to include distribution support services and to provide direct access to a fund research solution.