EUROPE – Clearstream, the custody and settlement division of exchange operator Börse Group, says client assets under custody rose 3.3% in November.

“Clearstream experienced strong growth throughout its core businesses in November 2004,” it said.

“The value of assets held in custody on behalf of customers rose to approximately €7.6 trillion, a rise of 3.3% from the same month last year.”

And the number of international transactions processed rose to 15.7m for the year-to-date – a 3.2% rise on the year.

It said instructions processed for investment funds rose 29% to 149,822. It added: “Next month, Clearstream will launch an enhanced version of its investment funds service called Vestima+.”

As previously announced, former Bank of New York executive Jeffrey Tessler took over as chief executive of Clearstream International on 10 December. His predecessor, André Roelants, was appointed board chairman.

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