Many Calastone clients prefer not to provide testimonials – the list below represents a sample of clients who have joined us since 2008.

Martin Currie
Andy Sowerby, Managing Director of Marketing, Distribution, and Product Management at Martin Currie: "At Martin Currie we believe that choice and competition can only benefit the market as a whole by driving down cost and encouraging innovation. We are pleased to offer our funds via Calastone and are confident that their transaction network will continue to attract an increasing number of fund distributors and transfer agents."

F&C Investments
John Yule, Head of UK Retail at F&C Asset Management: "At F&C we are committed to providing a first class investment service for our clients. Calastone offers an alternative in mutual fund transactions enabling us to enjoy significant cost savings, increased business process automation and STP efficiency through this relationship. Calastone’s network provides the best scalable solution to automate and transact our order flow both now and in anticipation of the demand in the future."

Baring Asset Management
Nick LeBrun, Head of Mutual Fund Dealing of Baring Asset Management: "Barings has been benefiting from Calastone’s transaction network since its inception in May 2008. By extending our use of their network to reach Asia, we are able to reduce costs and risks, and increase efficiency; ultimately providing our clients with greater choice and an improved service."

J.P. Morgan Asset Management
Dan Watkins, Head of European Operations, J.P. Morgan Asset Management: "Since connecting to Calastone, we have been realising the cost and risk benefits of making our funds available via Calastone’s transaction network and are delighted to make our Funds available to Calastone’s wider community. Calastone’s ability to receive messages in multiple formats, and their ability to re-format these into the ISO20022 standard, significantly increases the range of distributors and investors that have straight through access to our Fund range. J.P. Morgan Asset Management has adopted and implemented the IMA principles around STP, and very much encourages further embracing of these practices to improve security, operational efficiency and the overall service to intermediaries and clients"

Iveagh Private Investment House, Dublin
Leigh Bennett, Head of Operations at Iveagh Private Investment House: "We wanted the facility to monitor all trades for our Iveagh Wealth Fund directly and the flexibility of the Calastone offering and accessible pricing model allows us to do this in a highly cost effective way. Using Calastone’s system we have full visibility and control of order flow. Another big advantage is the Calastone settlement solution, which will give us full automation right through the fund transaction lifecycle".

Pictet Luxembourg
Laurent Moser, Head of Pictet Funds transfer agent services at Pictet & Cie, Luxembourg: "We have been impressed with Calastone’s progress in a relatively short period of time and we are pleased to be connected. We look forward to reaping the efficiencies that automation will bring and being able to make our funds available to Calastone’s growing global network of participants."

Thames River
Jeremy Charles, COO, Thames River: "We look forward to the operational efficiencies that Calastone can bring to our business and believe Calastone’s model will be used by a wide range of fund distributors and transfer agents."

Polar Capital
John Mansell, Chief Operating Officer at Polar Capital Partners Limited: "We look forward to our ongoing relationship with the Calastone team. Automation of the industry not only benefits our investors but also ultimately our shareholders."

Schroders
Alex Murton, Head of Client Administration at Schroders: "We have been impressed with the speed with which Calastone has delivered this settlement solution. As they did in setting up the transaction network, they have listened to the requirements of various market participants and created a more efficient market model. We look forward to settling transactions with more and more participants as they connect."

Old Mutual Asset Managers
Gary O’Brien, Investment Support Manager at Old Mutual Asset Managers: "Calastone’s bespoke settlement service brings about the automation of the entire transaction process, which has significant financial and operational advantages for our clients, as they will incur lower costs and benefit from reduced risk."

Aria Structured Investments
Dr. Scott Levy: Head of Operations and Risk of Aria Structured Investments: "Calastone’s low cost, open access approach to connectivity makes it easy for the mutual fund industry to connect. We welcome their efforts to improve competition in the mutual fund arena whilst enabling us to facilitate dealing for our clients and helping us to increase our distribution both onshore and offshore in a cost efficient manner. We have been impressed with the flexibility of the Calastone business model and Calastone’s ability to provide connectivity to those counterparties who may not already have the technology or the budgets to do business electronically by other means."

KBL European Private Bankers
Romain Bernard, Head of Funds Processing at KBL: "At KBL we strongly believe that STP and automation not only improve flexibility and reduce risk but also enhance cost efficiency of fund transactions. Calastone’s automated approach will give our clients full access to all these winning cards. The messaging system that Calastone has put in place allows us to fully participate in a new infrastructure technology regardless of the domicile or messaging preferences. This involves no significant investment. Our team of professionals is committed to providing all our clients with first-class investment services and we look forward to starting productive relationships with Calastone."

JO Hambro Capital Management
Helen Vaughan, Operations Director at J O Hambro Capital Management: "We specifically selected Calastone to carry our offshore funds as an automated environment affords us greater cost control. Widespread distribution of our funds is key and having access to Calastone’s community of fund distributors, transfer agents, wrap platforms, and stockbrokers helps us to stay ahead for our investors in this evolving market."

Aviva Investors
John Clougherty, Chief Executive of Aviva Investors UK Fund Services Limited: "At Aviva Investors we are committed to providing our clients with focused investment solutions and are pleased to now offer our clients access to the global Calastone network. We have noticed that Calastone’s transaction network continues to attract an increasing number of fund distributors and transfer agents and this is a positive step towards increased efficiency for the global funds industry."

Schroders Luxembourg
Gary Janaway, Operations Director at Schroders: "We liked the simplicity that Calastone brings to the order routing, execution and settlement of mutual fund transactions. Messages received into Calastone are normalised to Calastone ISO 2022 using a translation service which allows us to continue to use our existing messaging capability without incurring significant investment in new infrastructure technology. Connecting to Calastone means we are able to focus on our core business; providing a first class investment service for our clients from trade to settlement, whilst keeping operational risk down and expanding our distribution reach."

GLG Partners
A spokesperson at GLG Partners: "In our quest for increased automation and efficiency and to enable our clients to easily trade GLG’s mutual funds, Calastone’s offering is naturally appealing. We have been impressed not only with the speed in which Calastone is signing up participants, but also its commitment to making the movement of funds in the mutual fund market more efficient."

Findlay Park
Findlay Park: "We wanted to be able to offer full fund transaction automation to our shareholders and have been impressed not only with the flexibility of the Calastone system but also with their responsive approach in addressing our specific requirements"

Marlborough Fund Managers
Keith Ounsworth, Sales & Marketing Director at Marlborough Fund Managers Ltd: "At Marlborough Fund Managers we promote a Gateway to Excellence by offering a range of outstanding funds managed by a world class team of hand picked investment specialists. Funds are offered within investments sectors covering equities, bonds and commodities including small and large cap as well as ethical philosophies. We are pleased to add the Calastone fully automated solution to further enhance efficiency and manage administrative costs in this evolving market."

AXA Investment Managers and AXA Framlington
Simon Lopez, COO at AXA Investment Managers: "Given the scale and ambition of AXA Investment Managers and the ever-changing asset management landscape, it is essential that we put in place the best scalable solution to automate and transact our order flow both today and in anticipation of future demand."

Henderson Global Investors
Andy McRobert, head of retail operations at Henderson Global Investors: "We continually review how we can increase efficiency by identifying investment and technology opportunities. We have been impressed with how Calastone is providing the industry with the means to take advantage of the scale of transaction flow available via a truly global mutual fund market place. We are confident Calastone’s business model and flexibility will help us achieve and manage our ambitions for future growth."

Invesco Perpetual
Mike Morecroft, Head of European Transfer Agency at Invesco Perpetual: "We are pleased to be connecting to Calastone’s transaction network. Doing so is consistent with our commitment to continue to drive automation within the funds industry to help lower costs and reduce risk for both ourselves and our clients."

T. Bailey
T. Bailey CEO, Jason Britton: "We are pleased to offer our funds via Calastone and are confident that their network will continue to attract an increasing number of fund distributors and transfer agents."

Gartmore
Martin Jones, Head of TPA Service Delivery at Gartmore: "We have been impressed with Calastone and IFDS’s collaboration to complement existing opportunities for electronic trading and to extend such opportunities to the wider mutual fund community. Choice and competitive forces will only benefit the mutual fund industry by reducing transaction costs and improving the settlement process. We look forward to embracing the opportunities Calastone's global reach will offer."

Sarasin & Partners
Guy Matthews, CFO at Sarasin & Partners: "We are pleased to offer our funds via Calastone and look forward to reducing costs and risks with the help of their efficient network. With Calastone’s low cost model and its easy connection, we expect their network to continue to attract an increasing number of fund distributors and transfer agents."

Premier Asset Management
Mark Friend, Managing Director, Operations of Premier Asset Management: "We are pleased to offer our funds via Calastone and look forward to benefiting from its efficient network which will help us reduce cost and manage risk. With their low cost model and its easy connection, we are confident that Calastone will continue to attract an increasing number of fund distributors and transfer agents and become the mutual fund community for transactions processing."

Brewin Dolphin
Lee Allen, Head of Electronic Trading Services at Brewin Dolphin Limited: "Brewin Dolphin has been using electronic dealing for funds for some years now. There is little doubt about the advantages to us and the industry and we are now looking forward to working with Calastone to further extend this idea and to increase our reach. Calastone’s ability to process transactions regardless of the messaging system used (i.e. SWIFT or FIX) combined with their easy-to-connect-to model is likely to attract more fund providers and transfer agents, which in turn will bring further efficiencies to the industry."

Nucleus
Andrew Smith, chief operating officer of Nucleus: "Calastone’s ability to connect to the entire funds market without the need for the fund providers to incur costly technology spend will significantly increase our levels of STP. We are confident that Calastone’s low cost and easy-to-connect model will continue to attract ever more fund providers and transfer agents."

Scottish Friendly
Jeff Wilson, Head of IT at Scottish Friendly: "Calastone’s ability to connect to the entire funds market without the need for the fund providers to incur costly technology spend will significantly increase the efficiency of our operation. With low costs and an easy-to-connect model we feel that Calastone will continue to attract ever more fund providers and transfer agents."

Transact
Mark Links, Head of Operations at Transact: "We are always on the lookout for opportunities to realise the benefits of STP and we look forward to working with Kevin and his team to provide connectivity to those counterparties who may not already have the technology or the budgets to do business electronically by other means".

Instinet
Richard Balarkas, CEO of Instinet Europe Limited: "We are pleased to be reaching the mutual fund community via Calastone. For some forty years now we have been pioneers in electronic equities trading and support any effort to improve transaction efficiencies. We can see there is huge potential for the mutual fund industry to embrace STP as this will only benefit the end customer."

Cofunds on Settlement
Christopher James, Director of Institutional Services at Cofunds: "Connecting to the settlement service couldn’t have been easier. As an existing participant of the Calastone transaction network, connecting simply involved some straightforward configuration. We look forward to reaping the benefits of settling UK transactions. We find the Calastone settlement service is a good complement to our own client offering in the Wealth Management space. It reduces our risks and has a positive influence on the additional services we provide our clients".

Cofunds on Messaging
"Cofunds Institutional is 100 per cent committed to providing choice for our clients. By adopting an open architecture approach to industry connectivity and now connecting Calastone, we can ensure that our clients can benefit from our institutional services, irrespective of their messaging preference, including SWIFT via Calastone." – Christopher James, Director of Institutional Services at Cofunds

WealthCraft Systems Ltd
Kelly J. Tallas, CEO of WealthCraft Systems Limited: "Calastone’s automated approach to mutual fund trading essentially levels the playing field for distribution to and from the Asian market in a highly efficient, cost effective way regardless of location or technology preference. The connection with FundsMX™, WealthCraft’s SWIFTNet enabled automated funds distribution platform, gives our client’s immediate access to the wide and growing range of European domiciled funds available through Calastone. The Calastone service also provides an enhancement to our fully-automated Pension Administration Service (PAS) which facilitates trading, reduces risk and provides greater choice for all participants. We look forward to our continued relationship with the Calastone team and removing the need for fax order handling from the funds industry."

Deutsche Bank Private Wealth Management UK
Martin Waters, Head of Product and Transaction Services at Deutsche Bank Private Wealth Management UK: "We strive to offer investment services that deliver proprietary and open architecture solutions of outstanding quality and believe our clients will benefit from improved service delivery by adopting initiatives such as the Calastone order transmission engine. By providing greater execution certainty, increasing automation and control we are able to reduce our risk throughout the mutual fund order management lifecycle."

RBC Dexia Dublin
Padraig Kenny, Managing Director at RBC Dexia in Dublin: "Our first priority is to our clients, which is borne out by our continued investment in leading edge technology. Automation of the mutual fund industry will lead to increased accuracy, reduced risk and improved costs which will ultimately benefit the entire industry. RBC Dexia was at the forefront of ISO20022 adoption across the globe and now seeks to be able to share the advantages of this with clients in the simplest way possible. Calastone helps us to achieve this goal."

SunGard
Bob Ward, chief operating officer of SunGard’s wealth management business: "Automated mutual fund trading combined with expanded access to a broader range of investments through one connection will provide Calastone’s clients with the access and efficiencies to transact effectively with the international community. We are pleased to offer Calastone’s clients access to our network of global mutual funds."

Capita Financial
Chris Addenbrooke, Chief Executive Officer of Capita Financial Group: "Great strides are being made in the mutual fund industry to achieve greater efficiencies and STP. We took the decision to connect to Calastone because we believe that our clients will benefit from more choice."