€350bn assets under administration
Recognized in the digital space for its innovative technology platforms
Locations in nine countries with plans to open an office in Brazil and the Nordic region
Allfunds Bank, Europe´s largest fund platform*, has achieved a new milestone by passing €350bn assets under administration (AuA) globally, an increase of €100Bn YTD thanks to its efforts in the digital space and expansion of products available on the platform.
The milestone comes as the organisation turns towards a digital future with innovations such as its ‘API platform’ - a tool that is helping over 585 financial institutions to develop mobile applications (‘apps’), as well as, other cutting edge client services. Allfunds also continues to enhance its MiFID II tools ahead of January´s deadline including in-depth share class analysis and plans to launch a Regulatory Data Hub at the end of the year.
Allfunds continues its global expansion into territories such as Asia, Latin America, and the Nordics. It now operates regional offices in over nine countries, with plans to open its tenth office in Brazil in the coming weeks, and has clients across 41 countries.
Looking to the future, Allfunds also sees continuing growth in platform demand for passive instruments. With its recent ETF announcement its aims to offer clients multiple investment options making it possible for them to implement multi-product investment solutions and strategies for their customers.
Allfunds CEO Juan Alcaraz said,
“Allfunds is now growing across multiple fronts both geographically as well as structurally. Our efforts in Asia and Latin America have paid off and I’m sure the same will be the case in the Nordics. Our efforts to further develop our digital services along with our regulatory tools are also providing the foundation for good future growth. I’m therefore delighted that we have passed another significant milestone with some €350 billion under administration.”
For further information:
Katherine Sloan Jaime Pérez-Maura
Tel: +34 912746400 Tel: +34 912746400
Notes to editors
Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than €350 Billion assets under administration and offers more than 54,000 funds from over 595 fund managers. Allfunds Bank Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, United Arab Emirates, Singapore, Chile, and Colombia and has more than 585 institutional clients, including major commercial banks, private banks, insurance companies, pension funds, fund managers, financial supermarkets, international brokers, and specialist firms from 41 different countries.
*‘European Fund Distribution: Leading Platforms,’ Platforum, March 2017