RWC Partners UCITs Funds connect to Calastone via Banque Privée Edmond de Rothschild Europe

NEWS | 05 August 2011
London

Independent investment firm, RWC Partners, has signed an agreement to adopt Calastone’s order routing and reconciliations functionality for their RWC Funds UCITS SICAV.

RWC Partners’ transfer agent, Banque Privée Edmond de Rothschild Europe in Luxembourg is using the SWIFT ISO 15022 standard to connect to Calastone, but investors can send trades for the funds in any format they require, whether that is Excel Upload, SWIFT, FIX or SFTP.

This deal enables investors in RWC Partners UCITS funds to benefit from Calastone’s straight-through-processing service, removing the need for manual intervention and reducing risk, by automating processing throughout the trade lifecycle.

RWC Partners’ transfer agent will also use Calastone’s reconciliation functionality, the Execution Management System (EMS). By automating this activity, RWC Partners will be able to send and receive holdings data in any format, using Calastone’s messaging ‘translation’ service, and will be able to react to exceptions quickly and efficiently, reducing settlement risk and improving client service delivery.

John Bennett, Head of Retail Distribution at RWC Partners, said: "We are committed to providing a first class investment service for our clients. Going live with Calastone will enable investors in RWC Partners UCITS funds to benefit from increased business process automation and STP efficiency from this new relationship."

The Client Relationship Manager in charge of RWC Partners at Banque Privée Edmond de Rothschild Europe, said: "We are pleased to be connecting to Calastone’s transaction network. This move is consistent with our commitment to continue to drive automation within the funds industry and reduce risk for both ourselves and our clients."

Commenting on the announcement, Alexander Hofmann, Sales Director of Calastone, said: "RWC Partners is one of the most exciting and innovative fund managers in the UK and we are happy to facilitate STP trading in their funds for UK and global investors, no matter what technology the distributor uses."

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