Novo Banco Partners With Euroclear FundsPlace For Fund Distribution
Novo Banco, Portugal’s fourth-largest bank, has chosen Euroclear FundsPlace® as its exclusive provider for fund distribution services. The partnership represents a significant step toward simplifying and scaling the bank’s fund operations while enhancing efficiency across its distribution network. By leveraging Euroclear’s infrastructure, Novo Banco aims to streamline processes and reduce operational burdens that often challenge fund distribution models.
Euroclear FundsPlace serves more than 2,500 clients worldwide, offering an end-to-end fund institutions to a wide range of investment opportunities. With this agreement, Euroclear will manage Novo Banco’s platform services and automate trailer fee collection, eliminating layers of manual processing and oversight. This change is expected to improve efficiency, transparency, and responsiveness for Novo Banco’s fund depot operations.
For Novo Banco, this decision underscores a broader strategy to modernize its investment services, , and focus on delivering higher-value customer experiences. The partnership reflects the growing trend among European fund distribution activities for greater operational control.
Takeaway
Perspectives From Novo Banco And Euroclear
Elisabete Pereira, Executive Director at Novo Banco, emphasized the strategic importance of the collaboration: “Partnering with Euroclear FundsPlace is a key step in our strategy to simplify and enhance our fund distribution operations. This collaboration allows us to deliver greater efficiency and value to our clients as we are better positioned to provide a broader range of investment opportunities with improved service quality and responsiveness.”
For Novo Banco, the agreement is not only about efficiency but also about enabling broader access to investment products. By automating trailer fee , the bank frees up resources to focus more on client engagement and product diversification. The streamlined model also .
Vincent Clause, Global Head of Funds Strategy and Product Expansion at Euroclear, commented: “This agreement marks a significant milestone in our long-standing relationship with Novo Banco. By centralising fund distribution with Euroclear, Novo Banco reinforces its commitment to operational excellence and investor transparency. By leveraging Euroclear’s trusted infrastructure, Novo Banco benefits from greater scale, reduced complexity and improved market connectivity.”
Takeaway
Strategic Context And Market Expansion
This partnership comes at a time when Euroclear is actively expanding its presence in Southern Europe. The recent acquisition of Spanish fund services provider Inversis further strengthens its position as a leading infrastructure provider in the region. For Euroclear, securing Novo Banco as a client consolidates its footprint in Portugal and reinforces its reputation as a trusted partner in cross-border fund distribution.
The integration of Novo Banco into the FundsPlace ecosystem highlights the value of centralized platforms in an increasingly fragmented investment services landscape. By providing a single point of access for distribution, fee collection, and operational management, Euroclear reduces the burden on individual institutions while ensuring regulatory alignment and scalability.
Looking ahead, the collaboration positions both organizations to benefit from rising demand for transparent and efficient fund distribution channels. As investor appetite grows for diversified products and efficient onboarding, Novo Banco’s alignment with Euroclear could become a model for other banks across Europe aiming to modernize their operations.
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