London – 1 October 2019  – Legal & General Investment Management (LGIM), one of Europe’s largest asset managers, has chosen Euroclear UK & Ireland’s CREST Investment Fund Service to automate settlement for its UK investment funds.

LGIM will now benefit from full automation of settlement for its UK investment funds. The CREST Investment Fund Service delivers end-to-end automation from order placement to settlement and asset servicing. It reduces operational and counterparty risks, improves liquidity management and ensures certainty of settlement. Clients benefit from clear visibility of their settlement obligations and are able to manage cash flows effectively and efficiently.

The funds industry has seen increased inflows into mutual, alternative and money market funds as well as ETFs resulting in a need to remove operational burden from the settlement process. The CREST Investment Fund Service offers efficiencies, resiliance, asset protection, stability and true automation to the UK funds market.

Honor Solomon, Head of Retail, EMEA Distribution, Legal & General Investment Management said: “We are pleased to create greater efficiencies for our clients through the implementation of a fully-automated settlement system that also further improves their overall service experience with LGIM.”

Stephan Pouyat, Global Head of Capital Markets and Funds, Euroclear added: “We are delighted that Legal & General Investment Management has chosen our service, which has seen real momentum, gaining important market traction. We are committed to providing clients with a simple, reliable and fully automated solution for fund order routing and settlement. The resulting operational efficiencies reduce risk and save costs, helping with the transition of the UK fund market to a true delivery versus payment model.”


Note to editors

Euroclear UK & Ireland is part of the Euroclear group which also includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland and Euroclear Sweden. The Euroclear group settled the equivalent of EUR 791 trillion in securities transactions in 2018, representing 230 million domestic and cross-border transactions and held EUR 28.8 trillion in assets for clients.

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"We are committed to providing clients with a simple, reliable and fully automated solution for fund order routing and settlement. "

Stephane Pouyat, Global Head of Capital Markets and Funds Services


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