Lazard Fund Managers (Ireland) Ltd is the latest asset management company to join the EMX Message System, adding its Irish based funds to the platform.
Charles Wilson, Head of Third Party Distribution at Lazard Asset Management, said: ‘We are pleased to bring our Irishdomiciled funds to the EMX Message System, in addition to our UK-based funds which are already available through EMX. At Lazard we are committed to making our funds as easily accessible as possible for our clients and the EMX Message System enables us to provide accurate, automated and timely information.’
Yannic Weber, CEO of EMXCo said: ‘Part of our global funds strategy within the Euroclear group is to extend our geographical reach and offer connectivity between counterparties irrespective of location and technology. We have been making great progress in Ireland and we now have a significant presence in the cross border market so it is fantastic to welcome Lazard to the EMX Message System, expanding our coverage and number of offshore funds even further.’
EMXCo has continued to grow in 2010 and has welcomed on 25 new participants and has an average fund flow of over €532 million per working day.