Singapore asset manager partners with Allfunds
To give advisers access to a broader range of funds in the Lion City
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
To give advisers access to a broader range of funds in the Lion City
Users will benefit from multi-currency offerings and access to offshore funds
Majority shareholder Sanlam UK is said to be supportive of the discussions
It has been expanding investment advisory capabilities in Asia
With the French firm receiving a 22.5% stake in the wealth company
Services and solutions for asset managers, fund distributors and other intermediaries on the agenda
Allfunds’ portal enables customers to conform to Mifid II regulations
Europe’s largest fund platform unveils big push into Asia after Latam expansion
Marlborough hires a head of business development from Brooks Macdonald, the Chartered Institute for Securities & Investment appoints a board chairman, while a former Blackrock employee joins State Street to head ETF model portfolios.
Allfunds Bank, the European headquartered open architecture platform, is to offer a trading facility to enable investors in Spain to transfer between ETFs and mutual funds without incurring any capital gains tax.
Mutual funds platform operator Allfunds Bank has announced plans for expansion across the Nordic region with the opening of a local representative office.
Allfunds Bank is to be sold to private equity firm Hellman & Friedman and Singapore’s sovereign wealth fund, GIC, in a deal that values the European mutual fund platform at €1.8bn (£1.55bn, $1.9bn).