Institutional Presentation

Transcription

1 Data as of: May 2018 Institutional Presentation ALLFUNDS BANK

2 1 I N T R O D U C T I O N ALLFUNDS BANK INSTITUTIONAL PRESENTATION

3 A L L F U N D S B A N K I N B R I E F Allfunds Bank is the leading global B2B distribution platforms of third-party funds, offering a one-stop solution for funds dealing, information management and research services. Allfunds Bank operates as an independent company with strong support from existing shareholders and has a long track record within the global financial industry. Allfunds Bank is an institutional platform. It offers a pure B2B full service approach and has no proprietary asset management, insurance, pension nor end-client (B2C) businesses that could cause any conflictof-interests offering its services to its clients. Allfunds Group is headquartered in Madrid and has local presence in London, Luxembourg, Milan, Santiago de Chile, Dubai, Zurich, Bogota and Singapore MADRID 2003 MILAN 2005 LONDON 2008 LUXEMBOURG 2008 SANTIAGO DE CHILE 2011 DUBAI 2013 ZURICH 2015 BOGOTA 2016 SINGAPORE SAO PAULO OSLO SOUTH AFRICA HONG KONG 3

4 2 F I G U R E S ALLFUNDS BANK INSTITUTIONAL PRESENTATION

5 A L L F U N D S B A N K : T H E G AT E W AY T O G L O B A L D I S T R I B U T I O N THE LARGEST DISTRIBUTION NETWORK IN THE WORLD 141 RETAIL BANKS 13 INVESTMENTS BANKS YOUR PARTNER ACROSS THE GLOBE 43 COUNTRIES 128 PRIVATE BANKS 6 FINANCIAL ADVISORY FIRMS 86 LIFE INSURANCE COMPANIES 11 PENSION FUNDS 13 CUSTODIANS 595 CLIENTS* 145 ASSET MANAGEMENT HOUSES 52 STOCKBROKING HOUSES 60,000 BANK BRANCHES 25,000 FINANCIAL ADVISER & PRIVATE BANKERS 20,000 LIFE INSURANCE BRANCHES (*) Individual client agreements 5

6 A L L F U N D S B A N K I N B R I E F LEADING EUROPEAN FUND PLATFORM Platform Name AuA (EUR bn) Type Countries present ALLFUNDS BANK 360* B2B International LARGEST UBS FONDCENTER 183 B2B International COFUNDS 104 B2B, B2B2C UK CREDIT SUISSE FUND LAB 102 B2B, B2B2C Switzerland FUNDSNETWORK 84 B2B2C UK BNP PARIBAS SECURITIES S. 81 B2B Italy HARGREAVES LANSDOWN 76 D2C UK SOCIETE GENERALE SECURITIES S. 60 B2B Italy STATE STREET 57 B2B Italy FUND CHANNEL 56 B2B International RBC INVESTOR TREASURY S. 52 B2B International OLD MUTUAL WEALTH 49 B2B2C UK SW ISSCANTO 46 B2B Sw itzerland MFEX 42 B2B International ATTRAX 40 B2B Germany COMDIRECT 40 D2C Germany STANDARD LIFE 36 B2B2C UK DAB BANK 36 B2B, B2B2C Germany FINECO BANK 36 B2B2C Italy SEI 34 B2B UK AXA THEMA / WEALTH ELEVATE 33 B2B, B2B2C France, UK AJ BELL INVESTCENTRE / YOUINVEST 31 B2B, B2B2C UK FONDSDEPOT BANK 30 B2B2C Germany TRANSACT 28 B2B2C UK JAMES HAY 26 B2B2C UK EBASE 26 B2B2C Germany ZURICH 22 B2B2C UK AXELTIS 20 B2B France INVERSIS 20 B2B Spain BEST 1. Allfunds 2. UBS 3. MFEX DISTRIBUTION POTENTIAL 1. Allfunds 2. UBS 3. MFEX MIFID II SERVICES ON-BOARDING EFFICIENCY 1. Allfunds 2. UBS 3. MFEX Source: The Platforum 2017, data as end 2016 (or latest available) Source: The Platforum 2017 (*) latest available figure 6

7 A L L F U N D S B A N K A S P A R T O F T H E I N D U S T R Y OVER 370 Bn OF ASSETS UNDER INTERMEDIATION CAPTURING 10% OF WORLDWIDE NET SALES IN CROSS BORDER FUNDS IN 2017 ALLFUNDS BANK IS 10 TIMES LARGER THAN THE AVERAGE EUROPEAN PLATFORM MEASURED BY ASSETS ASSETS GREW BY > 100Bn DURING 2017 THE LEADING EUROPEAN FUND PLATFORM OVER OVER TRADES IN 1,200 64, Bn 12,7 M 149 FUND PROVIDERS FUNDS AVAILABLE CURRENCIES FUND DOMICILIES SETTLED PER YEAR TRANSACTIONS TRANSFER AGENTS 7

8 3 B U S I N E S S M O D E L ALLFUNDS BANK INSTITUTIONAL PRESENTATION

9 A U N I Q U E B U S I N E S S M O D E L SIMPLIFICATION, SUPPORT & COST EFFICIENCY A pure B2B full service approach State of the art fund trading facilities Allfunds Bank was created in response to the increasing complexity of the financial industry, enhanced by the demand for simplification, agility, flexibility and operational efficiency. Allfunds Bank facilitates the administration of our clients' third party fund distribution. Customised solutions for Open Architecture business Independent fund research A global/local offering adhering to the rules and regulations across the Globe Outstanding fund information services 9

10 4 S E R V I C E O F F E R I N G ALLFUNDS BANK INSTITUTIONAL PRESENTATION

11 A C O M P R E H E N S I V E & I N T E G R AT E D S E R V I C E O F F E R I N G A SINGLE SOLUTION TO OPEN ARCHITECTURE Exclusive solution created for the institutional investment industry and based on our Integral Technology Platform, supporting clients across the Wealth Management Value Chain, from front-to-back. Allfunds Bank combines: state-of-the-art technology, the efficiency of an automated dealing platform, with the profound vision gained from having one of the largest in-house fund research and analysis teams in Europe. Front-End & Digital Solutions Information, Marketing Support Tools & Reporting Solutions Fund Research & Investment Solutions Fund Distribution Services & Price Management Dealing, Custody, Settlement & Administration Platform Solutions 11

12 Y O U R I T P A R T N E R ALLFUNDS FRONT-END & DIGITAL SOLUTIONS Digital On-boarding Robo-advise Portfolio management App/Desk Digital tools On-line Banking Reporting MiFID II Solvency II PRIIPs Built-in solutions APIs Hosting APIS DATA HUB 12

13 T H E N E X T G E N E R A T I O N O F A F B S O L U T I O N S ALLFUNDS FINAMETRIX The acquisition of Finametrix reinforces Allfunds Bank full service proposition offering a unique front to back solution Public website Portfolio Monitoring Advisory service Implementation Discretional portfolio management Through Nextportfolio (Finametrix front-end application), financial firms have full control of the Client s journey: from client onboarding to end-client reporting Reporting Investment Profile / MiFID and targets Analysis and action Account Opening Control & Monitoring Advisory, DPM and only-execution 13

14 T H E N E X T G E N E R A T I O N O F A F B S O L U T I O N S ALLFUNDS FINAMETRIX The acquisition of Finametrix reinforces Allfunds Bank full service proposition offering a unique front to back solution: Through Nextportfolio (Finametrix front-end application), financial firms have full control of the Client s journey: from client on-boarding to end-client reporting: Public website Portfolio Monitoring Advisory service Reporting Investment Profile / MiFID and targets Analysis and action Account Opening Implementation Discretional portfolio management Control & Monitoring Advisory, DPM and only-execution 14

15 T H E N E X T G E N E R A T I O N O F A F B S O L U T I O N S ALLFUNDS FINAMETRIX Nextportfolio is a flexible platform for firms that provide portfolio management and advisory services. It combines efficient workflows with individual client management capabilities along the value chain. A multi-device solution adapted with all screens based on RWD (Responsive Web Design) technology. MODEL PORTFOLIOS CONTRACTS DISTRIBUTION PARTNER ANALYSIS PROFITABILITY SIMULATIONS OPERATIONS REBALANCING 15

16 D A T A & A N A L Y T I C S T E L E M E T R I C S ALLFUNDS BUSINESS & MARKET INTELLIGENCE Thanks to Telemetrics, you can stay one-step ahead with innovative tools at your fingertips designed to give meaningful data insights, understanding how business dynamic evolve and using this knowledge to guide their sales and marketing strategies. Telemetrics allows Distributors to have received full disclosure about fund operations with a top-down approach. This can be from the wider context of market trends to a single product level or by geographical area to client cluster. Anytime, anywhere, one click will be the key for Distributors to get the right actionable insight to move forward with their business. A P P V E R S I O N Telemetrics for Distributors D E S K T O P V E R S I O N Telemetrics for Distributors 16

17 I N F O R M AT I O N, M A R K E T I N G S U P P O R T T O O L S & R E P O R T I N G S O L U T I O N S DEALING, CUSTODY & ADMINISTRATION PLATFORM SOLUTIONS ACCURACY, PERFORMANCE AND MONITORING USING A SINGLE-LINK ACCESS Allfunds Bank provides a flexible and innovative approach, combining rigorous information and analysis with innovative ideas, expertise and experience in specific strategies. Through a website based platform, Allfunds Bank provides a single-link access to fund information and comparison, market outlook, portfolio modeling and managing tools, order execution and other relevant information to the sales force. Full management of the Corporate Action cycle. Bespoke reporting, from basic to in depth reports. Dedicated fund information web using white labelling framework. State of the art portfolio and comparison tools. More than a website: a Workstation documents uploaded IN MORE THAN 1,300,000 5,050,000 clicks CURRENTLY ALLFUNDS BANK OFFERS ACCESS TO 38,000 portfolios with full disclosure WEB USERS IN FROM 2015 MORE THAN WEBSITE 38 40,000 countries factsheets PROFESSIONAL USERS ANNUAL PAGE VIEWS 6, % in 2016 in the last 5 years 17

18 I N F O R M AT I O N, M A R K E T I N G S U P P O R T T O O L S & R E P O R T I N G S O L U T I O N S Fund report library Overview daily updated fund universe Market reports from hundreds of fund houses Corporate Action centre Fund evaluation and comparison tool Fund search based on specific criteria (e.g. SRI) Screen diff. Asset classes simultaneously Portfolio simulator Detailed analysis of funds In-depth portfolio analysis (e.g. X-ray) Ready & available (End-) client reports 18

19 F U N D R E S E A R C H & I N V E S T M E N T S O L U T I O N S INVESTMENT RESEARCH DEALING, CUSTODY & ADMINISTRATION PLATFORM SOLUTIONS 15 investment professionals with expertise in various asset classes Analysts have experience in fund analysis, quantitative analysis and risk analysis Independent research of global asset managers, investment processes and performance drivers Elaboration of proprietary qualitative and quantitative research Production of The AFB Insight List 360 best of breed fund managers INVESTMENT SOLUTIONS 11 investment professionals facilitating institutional and wholesale investors implement quality investment solutions Local support to investment management teams in their fund selection Proficiency in understanding client s investment requirements Adapting fund selection and monitoring for our clients Commitment to guiding more than 200+ institutional and wholesale clients through our extensive fund offering MEMBERS FOCUSSING MORE THAN DUE DILIGENCE ON YEARS solely on Mutual Funds of combined investment experience Asset Managers Administrators & Custodians SOLVING MORE THAN CLIENT REQUESTS per year PER YEAR manager interviews 19

20 F U N D D I S T R I B U T I O N S E R V I C E S DEALING, CUSTODY & ADMINISTRATION PLATFORM SOLUTIONS STREAMLINED ACCESS TO A SAFE AND CONVINIENT DISTRIBUTION FRAMEWORK Allfunds Bank simplifies fund distribution and provides legal and compliance support to meet the requirements in each market. ONE SINGLE CONTRACT INFINITIVE DISTRIBUTION OPTIONS Adaptability to different jurisdictions and legal requirements Guidance and support before local supervisory authorities Access to over 1,200 top level Fund Management Houses through one single agreement MIFID compliant, Fatwa endorsed by Amanie, ISAE 3402 (former SAS 70) Type II Certificate ADHERING TO DIFFERENT REGULATIONS ACROSS THE GLOBE Ensuring that appropriate business processes and risk controls are established and reviewed according to the regulatory framework Identifying potentially conflicting laws and regulations Robust Anti-Money Laundering and Counter Terrorist Financing framework and related processes 20

21 P R I C E M A N A G E M E N T S E R V I C E S THE LARGEST PRICE ADMINISTRATOR IN THE PLATFORM MARKET EXPAND INFINITELY AND DYNAMICALLY MANAGE your fund offering thanks to a single agreement with Allfunds. Full maintenance of distribution agreements with fund companies: NEGOTIATION, CALCULATION & COLLECTION OF REBATES. Covering full rebate cycle: from contracts down to payments. Contractual relationship Distributor Chain AFB Rebate Negotiation Rebate Calculation Services Calculation Methodology Rebate Collection, Payment & Reconciliation CONTRACTUAL LINK REBATE NEGOTIATION REBATE CALCULATION REBATE SETTLEMENT 100% Rebates paid in DAYS Trailer fees paid in your SELECTED CURRENCY (e.g. ILS) Payments of rebates fully TRANSPARENCY & TRACEABILITY FULL SYNCHRONISATION with your custodian* DAILY rebate calculation and accrual CONTRACTUAL PAYMENT of rebates (*) already operating with leading global custodians operating in Israel Benefit from Allfunds UNIQUE PRICING INTELLIGENCE Around 1 BILLION OF REBATES collected in MILLION REBATE calculations p.a. 47K ISINS with rebates available Supporting the commercial activity of more than 628 WORLD- CLASS DISTRIBUTORS 21

22 D E A L I N G, C U S T O D Y & A D M I N I S T R AT I O N P L AT F O R M S O L U T I O N S EFFICIENT EXECUTION & RISK REDUCTION Allfunds Bank is ISAE 3402 (former SAS 70) Type II certified for its investment dealing process service. This is a secure transactional process offered through a centralised and integrated platform that provides automated access to a vast universe of investment funds using a straight through processing (STP), thereby minimising the risk of operational errors. Allfunds Bank builds upon its own expertise to provide institutional customers with the most convenient and up-to-date services, tailored to their specific needs. Multiple daily confirmation flows and reporting services to clients. Daily cash statement of accounts and FX services. Daily rebate calculations and accruals (monthly & quarterly payments). Segregated and client referenced custody accounts directly with TA/FA. A single legal agreement for all fund houses on the platform. Efficient dealing system CURRENTLY MORE THAN 55,000 accounts opened with fund houses TRANSACTIONS PER YEAR 12,7M % accuracy ratio 22

23 5 V A L U E C H A I N ALLFUNDS BANK INSTITUTIONAL PRESENTATION

24 C L I E N T V A L U E C H A I N ALLFUNDS BANK HELPS YOU TO BUILD YOUR IDEAS 01 PRODUCT DESIGN Your gateway to innovative Open Architecture 03 TRADING SOLUTIONS Efficiently connecting to a broad universe of funds 05 INFORMATION TO CLIENTS Customised reporting for all types of investors 02 SALES SUPPORT Providing outstanding knowledge and support 04 PRODUCT MANAGEMENT Skills, tools and information to support investment teams 24

25 C L I E N T V A L U E C H A I N BENEFITING FROM ALLFUNDS BANK S EXPERIENCE AND INSIGHTS 01 Creating value for Allfunds Bank s clients and their fund investors: PRODUCT DESIGN MORE THAN 17 YEARS WORKING WITH THE WORLD S LEADING FINANCIAL INSTITUTIONS SERVICE CLIENTS IN 43 Your gateway to innovative Open Architecture CREATING B2B SOLUTIONS 595 COUNTRIES A MULTI- JURISDICTIONAL APPROACH AGREEMENTS WITH TOP INSTITUTIONAL CLIENTS MORE THAN 64,400 FUNDS AVAILABLE spanning various business lines including banks, asset managers, insurance companies, brokers and pension funds. OVER 1200 TOP ASSET MANAGERS AROUND THE GLOBE 25

26 C L I E N T V A L U E C H A I N IDENTIFYING APPROPRIATE INVESTMENT SOLUTIONS TO REACH FINANCIAL GOALS 02 SALES SUPPORT Providing outstanding knowledge and support EVALUATING FINANCIAL GOALS PRODUCT TRAINING MARKETING PLANS 26

27 C L I E N T V A L U E C H A I N A SINGLE POINT OF ACCESS TO EFFICIENT FUND ADMINISTRATION SERVICES 03 TRADING SOLUTIONS Efficiently connecting a broad universe of funds OPERATIONAL RISK REDUCTION, INCREASING EFFICIENCY A SINGLE OPERATIONAL COUNTERPARTY COST SAVINGS DEDICATED IMPLEMENTATION SUPPORT: IT ADAPTATION 27

28 C L I E N T V A L U E C H A I N 04 ALLFUNDS BANK PROVIDES ON-GOING MONITORING TOOLS AND ANALYTICAL SUPPORT TO PRODUCT MANAGEMENT ACTIVITIES PRODUCT MANAGEMENT Unique combination of skills, tools and information to support investment teams POST-SALE ON-GOING SUPPORT FOR PRODUCT MANAGERS AND DISTRIBUTION PARTNERS IDENTIFYING INVESTMENT PROCESSES AND PERFORMANCE DRIVERS INSIGHT AND FORWARD LOOKING ANALYSIS OF FUNDS 28

29 C L I E N T V A L U E C H A I N 05 RELIABLE INFORMATION AVAILABLE THROUGH ITS OWN WEBSITE, COMPLYING WITH REGULATORY AND SALES REQUIREMENTS INFORMATION TO CLIENTS Customised Reporting for All Types of Investors QUANTITATIVE AND QUALITATIVE REPORTING FOR DIFFERENT USER PROFILES STATE OF THE ART REPORTING SOLUTIONS FOR INSTITUTIONS AND END INVESTORS WHITE LABEL REPORTING WITH THE DISTRIBUTOR S LOOK & FEEL INFORMATION FLOW IS CRITICAL TO SECURE INVESTOR LOYALTY 29

30 A D D I T I O N A L I N F O R M AT I O N This presentation is delivered solely as reference material and is merely for information purposes. It does not constitute an offer to sell or a solicitation of an offer to buy any holdings and shares in any of the Allfunds group companies nor in any of the funds which may be available through Allfunds Bank, S.A.U from time to time. Allfunds Bank, S.A.U is a credit entity duly registered with the Bank of Spain and authorised by the Spanish Securities Market Commission (CNMV) to act as a broker and fund distributor. Allfunds Bank, S.A.U has branches in the United Kingdom, Singapore and Italy duly registered with the corresponding local authorities; Allfunds Bank S.A.U has a representative office in Santiago de Chile, registered with the Superintendencia de Bancos e Instituciones Financieras (SBIF), a representative office in DIFC, Dubai, United Arab Emirates regulated by the Dubai Financial Services Authority and a representative office in Bogotá, Colombia, duly registered with the Superintendencia Financiera de Colombia. Allfunds Bank, S.A.U is also the parent company of Allfunds Bank International, S.A, a Luxembourg domiciled company licensed as a bank and registered as a bank with the CSSF (Commission du Surveillance du Secteur Financiere) to provide both banking and investment services. Allfunds Bank International S.A. has in turn a Swiss affiliate, Allfunds International Switzerland Ltd, which holds a distributor licence from FINMA. In countries other than the ones referred to above, Allfunds Bank, S.A.U does not have a local branch nor a representative office and may have not requested the relevant licence to render investment services on a cross border basis. In this regard, this document should not be deemed as an offer of investment services by Allfunds Bank, S.A.U and Allfunds Bank, S.A.U shall decide at its own discretion or if it were stabilised by the local regulation to take the relevant steps to register with the local authorities. No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient, without Allfunds Bank, S.A.U prior written consent. The information in the document is, and must be treated as confidential. Disclosure of any information contained in this document could give rise to a crime of confidence among others (save in respect for information that we have specifically agreed upon with you in writing or otherwise dealt with in this document, which is not confidential) except where (i) the disclosure of such information has been consented to by Allfunds Bank, (ii) such information is required to be disclosed pursuant to the applicable law and regulation and/or (iii) the relevant information is publicly available. If you are in any doubt as to whether information that we have provided to you and which is in your possession is confidential please consult with Allfunds Bank S.A.U prior to the disclosure of such information. Should you wish to invest in funds not domiciled in your country of residence, please consult your local regulatory and tax requirements and/or consequences. You are also urged to take appropriate advice regarding any applicable legal requirements and any applicable taxation and exchange control regulations in the country of your citizenship, residence or domicile that may be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any share in funds. We refer you to the information and relevant materials for a more complete discussion of the risks relating to an investment in any particular fund. You are urged to read all of the offering materials, including the entire prospectus, prior to any investment in any fund, and to ask questions of the investment manager or sponsor of such funds. Although certain information has been obtained from independent sources believed to be reliable, we do not guarantee its veracity, accuracy, completeness or fairness. Nevertheless we have relied upon and assumed without independent verification, the accuracy and completeness of all information available from those independent sources. Copyright 2018, Allfunds Bank, S.A.U. All rights reserved 30

31 G L O B A L P R E S E N C E MADRID MILAN LONDON LUXEMBOURG SANTIAGO DE CHILE DUBAI ZURICH BOGOTA SINGAPORE 31

32 MADRID MILAN LONDON LUXEMBOURG SANTIAGO DE CHILE DUBAI ZURICH BOGOTA SINGAPORE