Swiss Bank Schwyzer Kantonalbank Selects Allfunds Bank as its Fund Distribution Platform
Schwyzer Kantonalbank has selected Allfunds as its B2B fund platform partner, becoming its provider to access third party mutual funds. The Bank has signed an agreement with Allfunds for the use of services in the area of fund selection and the automated processing of the third-party fund business.
As one of the leading banks in Central Switzerland, its investment solutions in advisory and discretionary wealth management are now supported by the services provided by Allfunds Bank. Schwyzer Kantonalbank chose Allfunds because of its investment fund expertise and global leadership in the fund platform business. By selecting Allfunds as a fund platform provider, Schwyzer Kantonalbank gains access to a very broad universe of investment funds, relying on Allfunds as a provider that delivers both the efficiency of a fully automated fund trading platform and the expertise of one of Europe's largest fund research teams.
For Allfunds, the cooperation with the Schwyzer Kantonalbank represents a great opportunity to partner with a leading regionally anchored bank, and thus the opportunity to further expand its position in the Swiss market through its innovative offering. Allfunds has a local branch and a highly motivated team in Zurich, which is very familiar with the particularities of the Swiss market and supports its customers on site.
Stig Harby, Regional Manager Central and Northern Europe at Allfunds said, “The Swiss market is very important to Allfunds and I am very proud to announce the partnership with Schwyzer Kantonalbank. We have a comprehensive and highly specialized offering that helps banks in Switzerland to implement their investment strategies.”
Nicole A. Reinhard, member of the executive board of Schwyzer Kantonalbank, said, "We are very satisfied with the comprehensive range as well as the flexible and tailor-made services of Allfunds in fund research."
Juan Alcaraz, CEO Allfunds Bank said, “I am very pleased to be working with Schwyzer Kantonalbank, a key and strategic partner for our Swiss business ambitions which are strong and robust.”
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 64,400 funds from 1.200 fund managers. Allfunds Bank has a local presence in Spain, Italy, UK, Chile, UAE, Switzerland, Colombia, Luxembourg, Singapore and Sao Paolo and has more than 605 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, financial supermarkets, international brokers, and specialist firms from 45 different countries.
The Schwyzer Kantonalbank (SZKB), founded in 1890, is the leading bank owned by the Kanton of Schwyz with around 550 employees. It operates 23 branches and offers specific services in five commercial customer centers, two private banking locations, a retirement provision center, a corporate customer skills center and a customer center. Its clients include private individuals, investment clients, small and medium-sized enterprises and public corporations. Its core business includes account and savings account management, real estate and corporate finance, custody account management, investment strategy setting, management of wealth management mandates for private and institutional clients, succession planning and pension issues. The SZKB is an independent institution of cantonal public law. It has a state guarantee and an AA + rating from Standard & Poor's.
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