Allfunds Bank consolidates platform leadership

Allfunds Bank has seen a 46% growth over the last 12 months, “cementing” its position as Europe’s largest mutual fund platform. Assets under administration stand at €215 billion, up from €147 billion last year, says Allfunds, quoting a report by Platforum, an industry body. In 2015 Allfunds emerged as the largest platform for the first time in the Platforum survey. A spokesman for Allfunds said the position was “cemented” with this year’s result. Allfunds’ nearest rival is UBS Fondcentre, which grew 17.6% to €169.4 billion, according to Allfunds quoting the same report. Allfunds’ growth in Europe was across all regions including its traditional core markets of Italy and Spain. Assets in Central Europe and the Nordics grew 119% when comparing the last quarter of 2015 with Q3 2014. Juan Alcaraz, chief executive of Allfunds Bank, put the success down to demand for ‘open architecture’, which consists of nearly 46,000 funds. “Our relentless pursuit of the open-architecture model, which provides consumers with the widest fund choice possible, is proving ever more attractive to a wider range of wealth and asset managers across Europe.” Allfunds Bank Group is equally owned by Santander and Intesa Sanpaolo groups. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.