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UBS sells majority stake in fund distribution platform to Clearstream

UBS announced today that it has agreed to sell a 51.2% stake in its fund distribution platform UBS Fondcenter to Clearstream, a post-trade service provider of Deutsche Börse Group. Upon the closing of the transaction (expected in the second half of this year) UBS Fondcenter will combine with Clearstream’s Fund Desk to form a B2B fund distribution platform named Fondcenter,…

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