Calastone, the global fund transaction network, has opened a new office in Zurich, Switzerland. With over 400 customers and 2,500 active trading links in 17 domiciles Calastone now routes over GBP12bn of fund transactions per month through its global network.
With its global expansion Calastone is an enabler of domestic and cross border funds STP.
The decision to open a new office in Zurich allows Calastone to provide a local presence to the Swiss market, in line with its business model of providing support to domestic as well as cross-border funds.
As part of the business strategy to develop the Swiss market, Calastone has appointed Vittorio L Pujatti to the management team, who joins as director of Swiss sales and business development. He has more than 25 years in high-level sales and managerial experience in the Swiss and international securities firms, and financial investments houses - including head of US-equity proprietary team at UBS Investment Bank in Zurich, managing director/branch manager at Instinet Schweiz (AG) and chief investment officer of VGP.
Pujatti says: “Calastone has been expanding its business and increasing its global footprint. I am extremely excited to be joining at a time when managing industry risk and costs are a critical issue for fund companies and Calastone will be there to support the industry in the migration to STP.”
Julien Hammerson, chief executive and executive chairman of Calastone, says: “We are pleased to have Vittorio L. Pujatti join our management team. Switzerland is an important part of our global business strategy and operative service offering going forward.”