Fund providers are able to benefit from fully electronic straight-through-processing throughout the transaction lifecycle, whatever the size of participant firm (from tier one to boutique firms); whether located on or offshore; whether communicating domestically or internationally with counterparties; whether preferring manual processes (such as electronic fax) or standards and protocols (either ISO 15022 or ISO 20022), Calastone’s transaction network enables full mutual fund industry interoperability.
Commenting on the announcement, Alexander Hofmann, Sales Director of Calastone said, “I am delighted to see another key industry player join Calastone for order-routing and settlement. We believe that choice and competition will benefit all participants in the mutual fund industry and support AllianzGI’s decision to offer its end clients greater operational efficiency via its connection with Calastone.”
Martyn Cuff, Managing Director at Allianz Global Investors said, “AllianzGI is delighted to have signed up to use both the Calastone order-routing and settlement services. Offering increased operational choice to our clients whilst improving industry efficiency through greater levels of straight-through-processing capability is very important for AllianzGI and the wider asset management industry.”
For media enquiries, contact:
Julia Streets / Abby Munson
Streets Consulting
+44 (0)20 7959 2235
