Investment Operations

Clearstream Selects Finomial to Automate Trade Documentation for Alt Investment Funds

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Partnership will create greater investor transparency across the alternative investments industry

Clearstream, Deutsche Börse Group’s post-trading services provider, confirmed today that it had selected Finomial’s client lifecycle management technology to automate trade documentation completion for alternative investments, including hedge funds and private equity.
As a leading alternative funds custodian specializing in alternative investments, Clearstream places trades with over 40,000 hedge funds across 45 jurisdictions globally. Finomial’s platform drives efficiency and transparency in what has historically been a labour-intensive, paper-based process required for investing in alternatives. From the end of 2020, Clearstream says its clients will benefit from fully automated trade documentation completion, a client interface to automate collection and provision of individual customer declarations, reducing risk and delivering greater investor transparency.
“The alternative investments industry has been marked by highly individualised, cumbersome and manual processes. State-of-the-art technology can help change that.
With Finomial we found a perfect provider to make processes more efficient for our clients,” said Philippe Seyll, Head of Investment Fund Services and CEO of Clearstream Banking S.A.

“Due to Clearstream’s scale in the industry, Finomial’s technology will help automate hedge fund subscriptions and private equity capital commitments for over 1.5 trillion euros in assets of the 10 trillion alternatives market,” said Meredith Moss, CEO, Finomial. “As Clearstream continues to gain market share, we are excited to support them to further automate private funds investing.”