Henderson Global Investors clinch greater fund efficiency via Euroclear UK & Ireland
London, 29 May 2013 – Henderson Global Investors (Henderson) and Euroclear UK & Ireland (EUI) announce today that Henderson has made all of its investment funds available for processing on EUI’s fully automated fund processing platform.
Henderson is among the front runners of major international asset managers embracing EUI’s new electronic ‘order-routing-through-to-settlement’ service. It reduces risk and improves the efficiency of settlement, reconciliation and asset servicing of Henderson funds, both in-house and for Henderson clients.
John Trundle, Chief Executive Officer of Euroclear UK & Ireland, commented: "One of the catalysts for retail-oriented investment firms to look for greater efficiency gains is the Retail Distribution Review (RDR). EUI’s service is supportive of the RDR and enables our clients to achieve reliability, speed and transparency throughout the life cycle of an investment funds order. We welcome Henderson’s family of funds for processing at the same low processing costs already available for other asset classes."
Mike Morecroft, Director of Client Operations at Henderson, said: "Putting the client at the heart of what we do is one of our key principles. Together with Euroclear, we are committed to supporting the drive to improve order routing and settlement for the industry and so we are pleased to be making this announcement today."
Note to editors
Euroclear UK & Ireland is the central securities depository (CSD) of the United Kingdom, Jersey, Guernsey and the Isle of Man for all domestic securities, and of Ireland for equities. Euroclear UK & Ireland provides advanced, low-cost settlement facilities for a wide range of investment funds, corporate and government securities, including those traded on the London Stock Exchange and Irish Stock Exchange.
Euroclear UK & Ireland is part of the Euroclear group, which is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. The Euroclear group also comprises Euroclear Bank, based in Brussels, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland and Euroclear Sweden. The Euroclear group settled the equivalent of EUR 542 trillion in securities transactions in 2012, representing 159 million domestic and cross-border transactions, and held more than EUR 23 trillion in assets for clients.
Henderson Global Investors, wholly-owned by Henderson Group plc, is an international investment company with a strong reputation going back to 1934. Henderson manages GBP 68.9 billion (as at 31 March 2013) of assets on behalf of clients in Europe, Asia-Pacific and North America and employs approximately 1,000 members of staff worldwide.
Clients include individuals, private banks, third-party distributors, insurance companies, pension funds, government bodies and corporate entities. As a pure investment manager Henderson offers investments across equity, fixed income and property as well as alternative products, such as private equity and hedge funds.