Calastone signs new clients in southeast Asia

Calastone distribution reportFunds network Calastone has expanded its presence in southeast Asia after signing its first clients in Malaysia and the Philippines while adding new clients in Singapore. The new customers who have turned to Calastone to automate their fund trading processes include both traditional investment companies such as Allianz PNB Life, Manulife Investment Management and UOB Asset Management as well as GrabInvest, the new investment offering from super app Grab. Launched in August, GrabInvest allows clients to undertake micro investing via a digital wallet. It is one of a number of new investment models emerging in the region as regulators look to accommodate the growing appetite for low-cost wealth management services and micro investing. According to Calastone, this demand and the pressures caused by Covid-19 means that automation is “no longer optional for financial services companies striving to adopt new operating models and adapt to new working norms”. Chandrima Das, head of wealth, Grab Financial Group added: “GrabInvest is constantly looking for ways to bring value to our users as the digitalisation of financial services accelerates with accessible solutions. Our partnership with Calastone helps us to design a more seamless and secure experience in order to automate our processes efficiently for our users.” © 2020 funds global Asia

Sponsored Profiles

Sponsored feature: Asset allocators – How do you track your decisions?

Apr 06, 2020

Mark Barry, Head of Asset Allocation at Milestone Group, explores how a simple question can highlight opportunities to automate and streamline your asset allocation investment process.

Sponsored feature: How is DLT changing the global securities services landscape?

Oct 17, 2019

By Jeslyn Tan, global head of product management, securities services, at Deutsche Bank

Sponsored feature: A new base for fund distribution

Oct 16, 2019

To get the most value out of the digitisation of investment fund distribution, a blockchain-based infrastructure is fundamental. By Olivier Portenseigne, Managing Director and Chief Commercial Officer, Fundsquare.

Sponsored profile: Bridging the gap

Mar 11, 2019

Private equity is a core part of the business for Caceis’ Hong Kong office, which looks after clients in China and Europe. David Li, chief executive officer, explains why private equity enjoys strong client demand and how it is being used to fund China’s international infrastructure ambitions.

Executive Interviews

Executive interview: ‘China is the 800-pound gorilla’

Aug 04, 2020

Just over a year into his new role, Wai-Kwong Seck, chief executive officer at Eastspring Investments, discusses his business goals, the Covid-19 pandemic and China.

Executive interview: Understanding geographies

Apr 06, 2020

Margaret Harwood-Jones, co-head financing and securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage...


Hong Kong roundtable: A ‘fragile Goldilocks situation’

Apr 06, 2020

With the global economy at a crossroads, our panel of experts share their thoughts on the market conditions, geopolitical volatility and growth opportunities. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A horizon to hold long-term assets

Dec 12, 2019

Panellists discuss the geopolitical fractures concerning asset owners, Singapore as a hub for fintech start-ups and why it makes sense to raise capital from a Variable Capital Company (VCC). Chaired by Romil Patel in Singapore.