January 28, 2025 – Brown Brothers Harriman (BBH) announces the successful implementation of its API connection with Clearstream, one of the world’s largest fund processing platforms, to simplify the account opening process for investors. This latest expansion demonstrates an ongoing commitment between BBH and fund platforms to enhance the investor onboarding experience, with wider adoption of the API expected in 2025.
The connection allows account opening requests to be sent electronically between BBH and Clearstream by transmitting investor information over the API, thereby reducing manual processing risks and improving efficiency of the onboarding experience for investors.
“Digitization in the transfer agency function is a priority for us, and we remain focused on building digital solutions that work at scale across the industry’ said Manuel Dienhart, BBH’s Transfer Agency Product Executive and Global Head of TA. “By connecting Clearstream and BBH through our API, we’re reducing siloed manual operations across transfer agents and platforms to give investors a less fragmented onboarding experience and a quicker time to market.”
BBH’s account opening API launched in 2024, with Clearstream being the next major European platform to benefit from this connectivity. The API has been designed to work across a range of platforms, banks, and transfer agents, which will allow for further adoption of the API from fund distribution platforms in 2025.
“Clearstream and BBH are dedicated to ensuring a seamless onboarding process for investors. This new initiative will significantly improve the overall investor experience” said Neil Wise, Member of the Executive Board at Clearstream Fund Centre, “Being able to send account opening requests in an automated way is a fundamental building block for straight-through processing in the investor onboarding space. We’re delighted to see the investor account opening process streamlined in this way”.
About Clearstream Fund Services
Clearstream is the innovative and trusted post-trade business for the global markets. Its segment Clearstream Fund Services delivers solutions for the entire fund ecosystem.
Vestima is the world’s largest fund processing platform providing order execution, settlement and custody services for more than 245,000 funds, ensuring highest asset safety for over 55 fund markets worldwide.
As a global fund distribution platform, Clearstream Fund Services connects international asset managers and fund houses with a global network of distribution partners. It gives access to over 85,000 funds, with value-added services such as trailer fee management and compliance oversight.
Clearstream Fund Services provides premier data management, regulatory and disclosure solutions for the asset management industry and embraces new technologies to help reshape how funds are managed and distributed.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Brown Brothers Harriman
Brown Brothers Harriman (BBH) is a global financial services firm known for premium service and specialist expertise. We have a 200-year track record helping clients innovate and navigate complex financial markets. Our 6,000 employees serve clients and their investments in over 90 markets across BBH’s 18 offices. As a private partnership, we are uniquely built to put clients first and create success that lasts.
BBH Investor Services is a leading provider of asset servicing and operating model solutions to global asset managers and financial institutions. Our asset servicing solutions include custody, global tax services, depositary and trustee, accounting, administration, transfer agency, foreign exchange, and securities lending. Our operating model solutions solve platform, data, and connectivity challenges across open-architecture operating models. We support our clients’ growth, enhance operational efficiency and resiliency, and streamline reporting and oversight. Please visit bbh.com to learn more and meet our team.
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