Allfunds Opens First Branch in Singapore
Europe’s largest platform Allfunds opens its first branch in Singapore to service the local business as well as those in Hong Kong and Taiwan. Allfunds provides operational cost savings for fund distributors and providers and expands the open architecture appeal across Asia.
The expansion will create new opportunities for asset managers in Asia and consolidate its position in fund distribution.
News Source: Fortuna Asset Management Press Release
Allfunds Group offers integrated fund solutions (operational, analysis and information). Created in 2000 and owned in equal parts by the Santander and Intesa Sanpaolo groups, today Allfunds Bank has more than €249Bn ($376Bn SGD) assets under administration and offers close to 50,000 funds from 550 fund managers. Allfunds Bank has a local presence in Spain, Italy, UK, Chile, UAE, Switzerland, Colombia, Luxembourg and Singapore and has more than 500 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, financial supermarkets, international brokers, and specialist firms from 38 different countries.
- Origin: Alcobendas, Spain
- Assets Under Administration: €249 billion
Official Website: www.allfundsbank.com
News & Media: Press Release
Updated on 8th August 2016