Calastone, the cross-border transaction network, has signed up Brown Advisory, a firm with around $29 billion of client assets, to its order routing service for its range of US Equity Funds that are domiciled in Dublin.

Brown Advisory, the investment firm headquartered in Baltimore, launched its UCITS fund structure in 2006 and opened an office in London in 2008. The firm now manages over $1.4 billion across its five Dublin-domiciled US equity funds. Some of its UK-based clients, including multi-managers, wealth managers and family offices, will benefit from this collaboration with Calastone, the firm said.

As announced in December last year, Calastone is making its UK re-registration system available to clients after finishing tests successfully. Re-registration relates to how a fund can be switched from one platform to another without undue delay and cost. As a result of its tests, Calastone said, portfolio transfers can be executed on the same day.