Banque Internationale à Luxembourg (BIL) selects Clearstream to Consolidate Fund Execution and Distribution Services
Banque Internationale à Luxembourg (BIL), a leading financial institution in the Grand Duchy, has chosen Clearstream, Deutsche Börse Group’s post-trade services provider, to consolidate its entire investment fund execution, processing and distribution services.
Through Clearstream’s integrated fund servicing platform, Vestima, BIL will streamline operations across mutual funds, ETFs, and alternative investment vehicles, enhancing efficiency and scalability. Centralizing fund servicing with Clearstream will strengthen BIL’s ability to deliver high-quality services to clients and distribution partners while extending its reach via Clearstream’s broad network of fund distributors and investors.
Clearstream’s fund distribution services will support BIL in broadening market access while maintaining high standards of transparency, compliance, and service excellence.
Both institutions are headquartered in Luxembourg, a globally recognized center for fund administration and cross-border distribution. This collaboration reinforces the country’s role as a leader in fund servicing, regulatory stability, and financial innovation.
Isa Scheunpflug, Chief Operating Officer of Banque Internationale à Luxembourg commented:
“Partnering with Clearstream is a key milestone in our strategy to grow our investment fund business and expand our distribution footprint. Leveraging Clearstream’s infrastructure allows us to simplify operations, scale efficiently, and reinforce our commitment to Luxembourg as a global hub for fund innovation and cross-border distribution. Through this collaboration, we are able to enhance our client offering through facilitating access to a wider range of investments.”
Philippe Seyll, CEO for Clearstream Fund Services added:
“We are proud to support BIL. Our shared Luxembourg heritage and global capabilities make this partnership both a natural fit and a powerful enabler of BIL’s strategic ambitions. Together, we are contributing to the continued growth and international reach of Luxembourg’s fund ecosystem”
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