Luxembourg-based fund distribution platform Fund Channel has extended its presence to Asia with the opening of a subsidiary in Singapore.
The firm, which has also presence in Switzerland, will offer to distributors of Asian funds support services for the management of distribution contracts with asset managers.
This includes regulatory monitoring, optimising revenues by assisting them in the calculation, monitoring and commission payments for the distribution of funds.
Fund Channel is a joint venture owned by Amundi (50.04%) and BNP Paribas Investment Partners (49.96%). It currently supports over 100 institutional clients in their cross-border fund distribution activity across a dozen European countries.
Its B2B distribution platform administers around 45,000 funds from over 400 management companies.
“We are specialised in services for distributors who wish to maintain full control in their choice of product distributed whatever their choice of fund manager, but also their order routing and custodian services” stated Richard Lepère, managing director of Fund Channel.
“We simplify the legal work required for implementing distribution agreements, monitor regulatory requirements and apply a systematic process to deliver over 90% of the distribution fees within 90 days following the quarter-end,” he added.
Fund Channel tallies over €60bn in assets distributed. With its Singapore branch, the company has set a target of €5bn in assets distributed within four years.