Marlborough Fund Managers Ltd connects to Calastone to distribute funds
NEWS | 09 November 2009
Calastone Limited, the independent cross-border transaction network for the mutual funds industry, announced today that Marlborough Fund Managers Ltd, one of the UK’s leading fund management companies has signed an agreement to make its funds available via the global Calastone transaction network.
Marlborough Fund Managers will benefit from connectivity to Calastone’s rapidly expanding list of global fund distributors and aggregators through a single connection, reaping immediate advantages in cross-border trading access. This connectivity offers fully electronic STP throughout the transaction lifecycle, whatever the domicile or preferred messaging protocol, and visibility and control over their order flow and real time risk management.
Commenting on the agreement, Ian Taylor, Chief Operating Officer of Calastone said, "Marlborough Fund Managers is the most recent fund provider to connect to Calastone and enjoy the benefits of lower costs, increased global reach and full straight through processing. Factors relevant to Marlborough’s decision to join, are connectivity, automation and the enhanced access offered by Calastone which will help them meet both current and future distribution requirements. Connectivity to Calastone will also allow Marlborough to become immediately Calastone ISO 20022 compliant, reaping the benefits of STP and business process automation."
Keith Ounsworth, Sales & Marketing Director at Marlborough Fund Managers Ltd added, "At Marlborough Fund Managers we promote a Gateway to Excellence by offering a range of outstanding funds managed by a world class team of hand picked investment specialists. Funds are offered within investments sectors covering equities, bonds and commodities including small and large cap as well as ethical philosophies. We are pleased to add the Calastone fully automated solution to further enhance efficiency and manage administrative costs in this evolving market."