Hermes Selects Calastone for Ucits Funds

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Calastone's network is message-format agnostic.

Hermes Investment Management will distribute its Undertakings for Collective Investment in Transferable Securities (Ucits) funds via Calastone's global transaction network, the provider has announced.

Hermes will use the network for its Ucits funds in the UK, Europe and Asia.

"Calastone offers a number of unique benefits to the fund distribution community, and we found the speed of onboarding impressive," says Keith Waudby, head of operations at Hermes. "We look forward to working together to responsibly provide innovative products and an excellent client experience to the investment community."

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