Clearstream has come to an agreement with the NAB to acquire Ausmaq in the second half of 2019.
Deutsche Börse Group announced this Friday that its post-trade services provider Clearstream is planning on entering the Australian market with the Acquisition of Ausmaq Limited.
Based in Sydney, Ausmaq Limited is the managed funds services business of the National Australia Bank (NAB). The company administers managed funds and term deposits for wrap platform providers and wealth managers in Australia.
According to the statement, Clearstream has reached an agreement with NAB to acquire its subsidiary. The transaction is expected to be closed in the second half of 2019, subject to regulatory approval and customary closing conditions.
Clearstream to Expand Ausmaq Offering
Following the acquisition, the post-trade services provider will expand the service offering of Ausmaq. Once the transaction has been closed, the post-trade services firm plans to offer Ausmaq’s clients access to its global funds processing platform Vestima.
Commenting on the acquisition, Bernard Tancré, Head of Investment Funds Services at Clearstream, said: “Ausmaq is a perfect fit for Clearstream’s strategy in the Asia-Pacific region.
“As an established provider of fund processing solutions, the acquisition allows us to broaden our fund service offering in Australia and to provide our international customers with integrated solutions for the domestic market.”
As part of the deal, the managed funds administration will become a 100 percent subsidiary of Clearstream, the statement said. At present, Ausmaq is a wholly-owned subsidiary of NAB.
“Today’s announcement is the beginning of an exciting new chapter for Ausmaq. We’re thrilled to be joining an organisation of Clearstream’s calibre – a recognised global leader in post-trade services,” added Ravi Subramaniam, Chief Executive Officer of Ausmaq.
“Our clients can expect to receive the same exemplary service that they’ve become accustomed to over the years, with increases in the service offering to be introduced over time.”
The acquisition is part of Deutsche Börse’s Roadmap 2020 strategy. As part of the strategy, the Group plans on growing in the investment funds industry. In terms of assets under management, Australia has the top funds market in the Asia Pacific region and ranks number four globally.
Deutsche Börse Group announced this Friday that its post-trade services provider Clearstream is planning on entering the Australian market with the Acquisition of Ausmaq Limited.
Based in Sydney, Ausmaq Limited is the managed funds services business of the National Australia Bank (NAB). The company administers managed funds and term deposits for wrap platform providers and wealth managers in Australia.
According to the statement, Clearstream has reached an agreement with NAB to acquire its subsidiary. The transaction is expected to be closed in the second half of 2019, subject to regulatory approval and customary closing conditions.
Clearstream to Expand Ausmaq Offering
Following the acquisition, the post-trade services provider will expand the service offering of Ausmaq. Once the transaction has been closed, the post-trade services firm plans to offer Ausmaq’s clients access to its global funds processing platform Vestima.
Commenting on the acquisition, Bernard Tancré, Head of Investment Funds Services at Clearstream, said: “Ausmaq is a perfect fit for Clearstream’s strategy in the Asia-Pacific region.
“As an established provider of fund processing solutions, the acquisition allows us to broaden our fund service offering in Australia and to provide our international customers with integrated solutions for the domestic market.”
As part of the deal, the managed funds administration will become a 100 percent subsidiary of Clearstream, the statement said. At present, Ausmaq is a wholly-owned subsidiary of NAB.
“Today’s announcement is the beginning of an exciting new chapter for Ausmaq. We’re thrilled to be joining an organisation of Clearstream’s calibre – a recognised global leader in post-trade services,” added Ravi Subramaniam, Chief Executive Officer of Ausmaq.
“Our clients can expect to receive the same exemplary service that they’ve become accustomed to over the years, with increases in the service offering to be introduced over time.”
The acquisition is part of Deutsche Börse’s Roadmap 2020 strategy. As part of the strategy, the Group plans on growing in the investment funds industry. In terms of assets under management, Australia has the top funds market in the Asia Pacific region and ranks number four globally.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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