May 31, 2013
London, May 29th 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."
Re-disseminated by The Asian Banker