Aberdeen investor services global head Alan Hawthorn said that the retail investors are looking to save, with greater transparency around product, process and costs arising.
"By using Euroclear UK & Ireland, we are assisting the industry in the renaissance of back-to-basics understanding of the product and how it is processed," Hawthorn added.
Schroders transfer agency UK head Alex Murton commented, "By implementing the Euroclear UK & Ireland investment fund solution, we are providing our clients with an efficient, cost-effective and complete investment fund solution."
Euroclear UK & Ireland deliver fund-related services, such as order routing through the EMX message system, primarily for domestic market transactions, while cross-border fund transactions are routed to Euroclear’s FundSettle platform.
Established in 1983 in Scotland, Aberdeen operates as an independent asset management company and trades in over 23 nations across Europe, Asia and the Americas. It had $322bn assets on behalf of institutional and private investors, as at 31 March 2013.
Euroclear UK & Ireland trades as a central securities depository (CSD) of the UK, Jersey, Guernsey and the Ilse of Man for all domestic securities, and of Ireland for equities.
