Fund distribution platform Allfunds plans to open a local office in the Nordic region as it pushes ahead with growth plans across Northern Europe.
This includes an automated and cost-efficient access to, and custody of, more than 53,000 third party investment funds from over 569 fund management companies, through a single distribution agreement.
Nordic banks and institutions including DNB in Norway, OP Financial Group in Finland, and Saxo Bank in Denmark have all joined the Allfunds platform recently, gaining automated and cost-efficient access to, and custody of, more than 53,000 third-party investment funds from over 569 fund management companies, through a single distribution agreement.
The new office should be active during first half of 2018, reinforcing Allfunds local commitment to the Nordic markets. Allfunds already has presences in Luxembourg, Zurich, London, Madrid, Milan, Dubai, Singapore, Santiago de Chile and Bogota.
Juan Alcaraz, CEO of Allfunds, said: “It is in our DNA to become the preferred local-global partner for wealth management solutions and we see no other platform in the region with the same holistic and powerful service proposition”.
Stig Harby, Allfunds regional manager for Northern Europe, added: “We are impressed with the warm welcome across the Nordic region, where there are no similar platforms with such a broad service offering, combining operational, informative and investment services and solutions, all in one single access point.”
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