Clearstream’s acquisition of Swisscanto Funds Centre Ltd. (SFCL) from Zürcher Kantonalbank

Deutsche Börse’s post-trade services provider Clearstream completed the acquisition of Swisscanto Funds Centre Ltd. (SFCL) from Zürcher Kantonalbank, following the approval of the British and Luxembourgish regulatory authorities.

The addition of SFCL will further enhance Clearstream’s service portfolio and support the company’s global fund services strategy. With the acquisition, the company is expanding its offering in the fund space to include management of distribution contracts and data processing.

The future set-up of SFCL within Deutsche Börse Group will be designed to further develop and expand its highly successful business model, as it will be empowered by the broad capabilities of Deutsche Börse Group. SFCL’s product offering for the Swiss funds market will be further extended to match the needs of Clearstream’s international customer base.

Schellenberg Wittmer acted as lead counsel for the seller, Swisscanto Holding Ltd., and Zürcher Kantonalbank. The team at Schellenberg Wittmer consisted of partners Oliver Triebold (Corporate/M&A; overall lead, in picture), Lorenzo Olgiati (Corporate/M&A), Anita Schläpfer (Banking and Finance), David Mamane (Competition) and senior associates Marcel Jakob (Corporate/M&A) and Amalie Wijesundera (Competition).

Involved fees earner: Oliver Triebold – Schellenberg Wittmer; Lorenzo Olgiati – Schellenberg Wittmer; Marcel Jakob – Schellenberg Wittmer; Anita Schläpfer – Schellenberg Wittmer; David Mamane – Schellenberg Wittmer; Amalie Wijesundera – Schellenberg Wittmer;

Law Firms: Schellenberg Wittmer;

Clients: Zürcher Kantonalbank; Swisscanto Holding Ltd.;