Clearstream's Involvement in the Association

 

Introduction 

Clearstream has played an important role in the evolution of the Australian Custodial Services Association (ACSA), demonstrating its commitment to advancing the Australian custody and investment administration. From its strategic acquisition of Ausmaq, from NAB (one of ACSA’s founding members) in 2019 to its current leadership in driving managed fund process improvements, Clearstream’s contributions have aligned with ACSA’s mission to foster excellence and innovation in custody and investment administration services. 

 

ACSA's Role and Achievements  

ACSA serves as a cornerstone in the custody and investment administration industry in Australia. It aims to enhance the standards and practices within the sector, providing a platform for industry collaboration and advocacy. Over the years, ACSA has accomplished several milestones, including: 

• Advancing Industry Standards: From its inception, ACSA has been at the forefront of establishing best practices for custody and investment administration services. These standards have helped ensure consistency and reliability across the industry, benefiting both service providers and their clients. 
  
• Advocacy and Policy Influence: ACSA has been an active advocate for its members, engaging with policymakers to shape regulatory frameworks that support the growth and stability of the custody and investment administration sector. Its input has been instrumental in crafting regulations that address issues such as risk management, data security, and asset protection. 
  
• Technological Integration: Recognising the transformative potential of technology, ACSA has championed the adoption of digital tools and platforms. Initiatives such as electronic reporting standards and blockchain-based asset tracking have positioned its members at the cutting edge of innovation. 
  
• Member Engagement and Education: ACSA’s commitment to its members is evident in its extensive range of training programs, workshops, and conferences. These events provide valuable opportunities for knowledge sharing and professional development, ensuring that members remain well-equipped to navigate industry challenges. 
  

 

Key Clearstream Contributors

Clearstream's involvement in ACSA has been defined by the contributions of several notable leaders, whose expertise and dedication have strengthened the association's impact: 

Robert Brown, Ausmaq (2008-2010) 
Rob was actively involved in ACSA’s initiatives, contributing to the development of best practices and promoting collaboration within the industry. During this period, Rob was instrumental in advancing ACSA’s strategic goals, including its foundational work in managed fund services. 

Ravi Subramaniam (2022) 
Ravi joined ACSA’s leadership ranks, adding his expertise to guide the association through a period of significant regulatory and technological changes. 

Ben Sung Contributions (2023-today) 
Ben Sung has been instrumental in driving managed fund process improvements. His leadership reflects Clearstream’s dedication to innovation, streamlining fund administration, and enhancing client outcomes. 

 

Looking Ahead

Clearstream’s involvement in ACSA underscores its pivotal role in shaping the custody and investment services sector in Australia. Clearstream has demonstrated its commitment to advancing industry standards, fostering innovation, and supporting the association’s vision of excellence in financial services.  

Looking ahead, Clearstream’s leadership, particularly through figures like Ben Sung, promises to continue driving transformative changes that benefit the industry and its stakeholders.