The firm said that by using Clearstream's fund processing system, it will give wealth management clients enhanced access to private market and semi-liquid investment opportunities.

Lighthouse Canton, a Singapore-based international wealth and investment firm operating in Asia and the Middle East, said yesterday that it is partnering with Clearstream, Deutsche Börse Group’s post-trade services provider. Clearstream will help the firm deliver fund execution and custody services.

Through Clearstream’s Vestima platform – a fund processing system managing order execution, settlement, and custody – Lighthouse Canton will provide its wealth management clients with enhanced access to private market and semi-liquid investment opportunities. Access to private market funds is increasingly important. For example, according to figures this week from Ocorian, which provides asset servicing for private markets and corporate and fiduciary administration, Asia-based private market funds hold around $3.51 trillion in assets under management.

The LC/Clearstream arrangement addresses growing investor appetite for alternative investments that combines operational efficiency, robust asset protection, and compliance oversight – features that are increasingly sought after by high net worth and ultra-high net worth investors exploring alternative asset classes, Lighthouse Canton said in a statement. 

The partnership is already operational, with initial trades completed, it said.

These are busy times for LC. Earlier this week, it stated that it was seeking to differentiate itself by building more in-house investment capabilities. 

In other developments, the firm has made several appointments to enhance its coverage of clients from North Asia and Southeast Asia. It has also partnered with Blue Sail Partners to form a cooperation, using Lighthouse Canton's reach in Asia, India, the Middle East, and the UK. Blue Sail Partners, a Swiss single-family office and advisory firm, will work with Lighthouse Canton to address an increasing need for sophisticated financial solutions and cross-border advisory services. See more here, here and here. The business – a global investment institution, providing integrated financial services – combines wealth and asset management.

Lighthouse Canton hailed the Clearstream partnership: “This partnership reflects our commitment to delivering best-in-class fund servicing to our wealth management clients in Asia and the Middle East,” Audrey Tang, managing director, chief operating officer at Lighthouse Canton, said. “Clearstream’s global reach and operational excellence allow us to enhance efficiency while expanding access to alternative investments, both of which are increasingly important in today’s market.”