Swiss UBS AG and its group company Fondcenter AG have commissioned Zurich-headquartered platform fundinfo AG to procure and source fund data from asset managers and other fund providers.
As a result of the partnership, UBS aims to obtain on-demand access to fund information which includes Mifid II and PRIIPs data. In addition to the collaboration with fundinfo, both firms continue to rely on the openfunds standard for fund data, which involves a data sharing association which currently has 48 active and informal members, including UBS Fondcenter, Credit Suisse and Julius Bär.
Christophe Hefti, head UBS Fondcenter at UBS Asset Management comments on the collaboration: “By partnering with fundinfo, we can concentrate on our core competencies and expand our range of services, including data preparation. At the same time, we are providing fund providers with an experienced partner for high-quality fund data and document management.”