The Depository Trust & Clearing Corp. is allowing non-U.S. financial firms to take advantage of the access, low costs and risk-management protection of its Mutual Fund Services, including Fund/SERV. It is the first time that DTCC has opened up these services to non-U.S. firms.

“Our cross-border business has been growing steadily over the last five years, primarily through overseas affiliates of U.S. firms,” said Ann Bergin, managing director and general manager of DTCC Wealth Management Services. “With pressure to reduce expenses and streamline operations, interest has heightened from overseas funds and firms asking DTCC to extend the reach of our services to their markets.”

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