Allfunds: we want to become Europe's biggest B2B fund platform
Allfunds, a wealthtech company, one of the world’s largest fund distribution platform soffering data analytics and digital solutions, recently launched a B2B platform for mandate solutions. The new service aims to become the leading B2B sub-advisory platform in Europe and bring fiduciary knowledge to the wholesale sector.
State Street grapples with Covid-19 HR concerns
State Street Luxembourg seems to have ridden out the first wave of the coronavirus crisis. Yet what of the return to work and a potential secondary shock? We asked Eduardo Gramuglia Pallavicino, State Street Luxembourg’s country head.
‘It all worked quite well. The regulators were quite pragmatic, simplifying some of the processes and allowing workload to be balanced across locations,’ Mr Gramuglia Pallavicino said confidently. ‘These changes were necessary, as in March transaction volumes were double the norm.’
‘Virus to drive AGM reform’
Annual general meetings moving online is an example of how the coronavirus could change the way businesses function. The Institut Luxembourgeois des Administrateurs (ILA), the country’s director’s association, saw a 20% increase in participation after moving their AGM online.
Morningstar acquires Sustainalytics
Investment data and research provider Morningstar is acquiring full ownership of Sustainalytics, the ESG ratings agency. Morningstar already owned a 40%-stake in the company.
Allfunds hires Stéphane Corsaletti for Lux office
Stéphane Corsaletti is the new Chief Investment Officer of fund distribution platform Allfunds. The Frenchman will lead Allfunds› recently formed digital investment solutions platform from its Luxembourg office.
Corsaletti will be part of the executive committee, reporting directly to CEO Juan Alcaraz. Launched in 2000, Allfunds is one of the world’s largest fund distributors. It offers clients access to a universe of over 125,000 funds through Allfunds Connect.