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ALLFUNDS reinforces position in Brazil with new office and new country head

Allfunds Bank, Europe's largest open architecture fund platform*, continues to expand its presence in Brazil confirming plans to open their new Brazil headquarters in Sao Paulo and appointing Jorge Sierra as the new Country Head.

This comes after achieving over €16BN assets under administration (AUA) in the Latin American and US Offshore markets.

Mr. Sierra will be responsible for heading up the Allfunds Sao Paulo office, reporting directly to Laura Gonzalez, Head of Iberia and Latin America. Ms. Gonzalez was previously the Country Head in Brazil and also responsible for Global Accounts before being promoted to Head of Iberia and Latin America at the end of 2017.

Allfunds has been present in Brazil since 2016 and has extensive plans to continue to accelerate its growth in the Region.

Laura Gonzalez, said: “Brazil is an extremely important market and we are thrilled to be continuing to work with our clients to help streamline the distribution process. I personally feel very connected to Brazil after my time there launching the Allfunds Brazilian business. It is a unique and highly dynamic market that really has something special to offer and I am confident that Jorge´s experience will have a great impact. It gives me great pleasure to welcome Jorge to the team.”

Mr. Sierra has over 20 years of experience in sales and marketing and studied finance and business administration at the Getulio Vargas Foundation and marketing at the Sao Paulo Superior School of Advertising and Marketing.

Allfunds Bank remains the fund manager’s overall first choice for fund platform distribution out of 80 B2B platforms across Europe – according to the Platforum report, March 2018.

Notes to Editors:

Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than €370 Billion assets under administration and offers close to 64,000 funds from 1.200 fund managers. Allfunds Bank has a local presence in Spain, Italy, UK, Chile, UAE, Switzerland, Colombia, Luxembourg, Singapore and Sao Paulo and has more than 604 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, financial supermarkets, international brokers, and specialist firms from 44 different countries.

Contact Allfunds:

London Madrid

John Morgan Katherine Sloan

07769 262272 +34 91 274 64 00

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