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Allfunds Bank reaches EUR100bn AUA

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Allfunds Bank, Europe’s largest B2B fund platform, has become the first fund platform to reach EUR100bn (USD129bn) in assets under administration.

 
The milestone sets the tone for its planned expansion in the UK which was heralded with the recent announcement concerning the appointment of Stephen Mohan from Cofunds. Mohan is to become the UK & Ireland’s head of London office, a move which reflects the firm’s commitment to the UK market.
 
Allfunds Bank’s fund platform has been able to reach such a high level of assets under administration (AUA) by focusing wholly on the institutional market. It offers institutional clients a broad range of outsourcing services, using an innovative business model which brings operational efficiency to the fund market, fund information and fund research.
 
The business started in Southern Europe in 2000, followed by the establishment of the UK and Luxemburg business hubs in 2005 and 2007. More recently it has been focusing on Latin America and Middle East markets. Looking to the future, the platform is working to expand its client base in the UK which it seems as one of the main drivers of growth for the business going forward, as well looking for further opportunities in Continental Europe, Asia and US.
 
As a result of its focus on institutional business and global growth, Allfunds Bank now has more than 380 clients operating in 26 different countries with more than 450 fund groups and 29,000 funds available on its trading platform.
 
Juan Alcaraz, Allfunds Bank’s chief executive, says: “We have a hugely scalable business, with offers solutions which closely match our institutional clients’ requirements. While we are busy planning further global expansion, reaching the EUR100bn milestone offers me the opportunity to thank our clients for helping us reach this position. We couldn’t have done it without their help and support. Their support motivate us to work even harder in the challenges ahead.” 

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