Allfunds scoops ex-RBC director for new WM service

Allfunds Bank has appointed Nick Emmins to run its new investment research service for UK wealth managers and other third party fund purchasers. Allfunds’ 17-strong investment research service team assesses 47,000 funds globally, ranking each fund according to governance, risk, and portfolio analysis. The firm was moved to establish the offering due to increasing regulatory requirements incurred by fund buyers in respect of product selection. The firm say developments such as the UK's Retail Distribution Review and the Markets in Financial Instruments Directive II, mean advisers now have to clearly justify and explain the reasoning behind fund selections, and require robust fund selection processes as a result. Moreover, active managers facing increasing competition over low-cost passive vehicles must try harder than ever to justify their extra costs. The service aims to address these issues, offering comprehensive qualitative examinations of funds for wealth managers and advisers. Emmins left RBC in April last year after seven years at the firm, in which he helped develop the firm’s Luxembourg-based global fund trading platform. Prior, he spent ten years at BNP Paribas Securities Services, the last seven of which he served as head of business development. He has also held holding roles at M&G Investments and Aetna Investment Management. Allfunds has over €215 billion in assets under administration, as of March 31 this year. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.