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TOP PREMIUM NEWS
˜ ˜ Clearstream will make 200 new ap-
pointments to its Cork office in Ireland,
with a focus on driving its digitisation
business model for fund services. The
move comes over three years after
Clearstream opened its Cork business
following the acquisition of Citco Global
Securities Services in October 2014,
bringing on 300 employees into its
Investment Fund Services (IFS) division.
˜ ˜ MUFG Investor Services has
partnered with Point Nine outsourcing
platform, Circle, to enhance its mid-
dle-office capabilities. The partnership
will expand MUFG’s business process
outsourcing (BPO) technology offering,
in response to increased outsourcing
and data demands from fund man-
agers.
˜ ˜ BNP Paribas Securities Services
will acquire the depositary banking
business of Italy’s third largest bank,
Banco BPM SpA (BPM) for €200
million. BPM’s depositary bank holds
around €22 billion in assets under
custody, providing custody, fund ad-
ministration and depositary services to
Italian funds and institutional clients.
˜ ˜ Dutch asset manager Robeco will
make 70