Clearstream boosts Asia presence

Clearstream, a unit of Detusche B÷rse, has further stamped its presence in Asia by opening new representative offices in Singapore and Tokyo to better service its growing number of clients in the region. The move comes at a time when the firm is looking to take further advantage of rising volumes in international securities settlements throughout the region, driven largely by Asian central banksÆ need to invest mushrooming foreign reserves. Both offices will report directly into Clear…