Hermes to distribute over Calastone network
Hermes Investment Management is to use Calastone to provide order routing and straight through processing of its funds across all jurisdictions in Europe and Asia into which its Ucits are now being distributed.
Calastone operates a network that enables buyers and sellers to connect regardless of the format of the order messages being sent.
Keith Waudby, head of Operations, Hermes Investment Management, said: “Calastone offers a number of unique benefits to the fund distribution community, and we found the speed of onboarding impressive. We look forward to working together to responsibly provide innovative products and an excellent client experience to the investment community.”
Edward Glyn, head of Global Relationship Management at Calastone, said: “We are pleased to welcome Hermes to our community, particularly at a time when Hermes is expanding its client base into new products and geographies.”