Madrid/London – June 30, 2025 – Citi Wealth is entering into an agreement with Allfunds to leverage their leading technology platform to provide enhanced speed and execution for Citi Wealth clients. The innovative Allfunds platform will enable streamlined trade execution, settlement, and reconciliation processes. In addition, as a new sub-distributor for Allfunds, Citi Wealth will leverage the full scope of the Allfunds platform to enhance the availability of third-party investment offerings.

“We are focused on establishing strong partnerships with best-in-class providers to support growth and innovation across Citi Wealth. Our partnership with Allfunds is an important step in our efforts to strengthen and simplify our business and enhance our client and banker experience,” said Daniel O’Donnell, Head of Alternatives and Investment Manager Solutions.

“Citi Wealth brings deep expertise in client solutions and wealth management to everything they do. This collaboration supports our position as a premier technology partner for top-tier firms like Citi in addressing market changes and continuing to deliver the outstanding service their clients expect," added Gianluca Renzini, Chief Commercial Officer for Allfunds.

Citi Wealth is targeting the launch of these services for Citi Private Bank in EMEA later this year, with additional regions expected to benefit from Allfunds’ capabilities in 2026 and 2027. This partnership is part of Citi Wealth’s broader efforts to deliver an industry-leading investment offering for clients across regions and segments.

This press release contains inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation)

Founder Juan Alcaraz to step down as Allfunds CEO, to be replaced by Annabel Spring

London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”), one of the world’s leading B2B WealthTech platforms for the fund industry, offering fully integrated solutions for asset managers and wealth managers, and Group CEO and Founder, Juan Alcaraz, announce today that he will leave the business to take on new challenges. Following a distinguished career at Allfunds in which he has led the firm to success and scale, Juan Alcaraz will move into an advisory role for the next twelve months to ensure a smooth leadership transition.

Juan Alcaraz founded Allfunds 25 years ago and has served the company with distinction as CEO, steering its growth and development into a leading global platform for wealth businesses and their end clients. Today, Allfunds has over €1.5tn in AuA, servicing 940 distributors in 66 countries. As CEO and Founder, Juan Alcaraz pioneered the development of the European open architecture fund industry over the span of three decades and built Allfunds from ‘the spark of an idea’ and a small business unit within Banco Santander to a global WealthTech leader.

The entire Board would like to thank Juan Alcaraz for the significant contribution he has made to Allfunds and wishes him well for the future.

David Bennett, Chair of Allfunds, commented: "Juan Alcaraz has led Allfunds with great dedication since its launch through its key milestones, including the IPO in 2021, and has worked ceaselessly to serve the business, our clients and shareholders. We are grateful for his exceptional leadership and entrepreneurial spirit over the years and wish him all the best with his future pursuits.”

Juan Alcaraz said: "It has been an immense privilege to be a part of Allfunds’ growth and to have seen its business and its people thrive over the course of more than two decades, and I have agreed with the Board that now is the right time for the business to transition to new leadership. It has been an honour to work with everyone at Allfunds, especially the members of the Executive Committee and the Board, and I leave the business in very capable hands, strongly positioned for the future and with significant business momentum into 2025 and beyond."

The Board actively manages succession planning and has appointed Annabel Spring as the incoming CEO of Allfunds. Annabel Spring will join Allfunds as CEO in June.

Annabel Spring brings an abundance of experience to Allfunds following a distinguished career in wealth management and banking that spans 30 years and four continents.  She joins Allfunds following six years at HSBC where she was most recently CEO of Global Private Banking and Wealth. Prior to this, she spent almost a decade at the Commonwealth Bank of Australia where she was most recently Group Executive for Wealth Management. Annabel Spring began her career at Morgan Stanley initially in investment banking before moving into Group Strategy where she was Global Head of Firm Strategy and Execution.

Under her leadership, Allfunds will continue to drive innovation and foster strong relationships with clients and asset managers, while leveraging its strong business model to deliver long-term, sustainable growth.

David Bennett said: “The Board is delighted to welcome Annabel Spring as our new CEO. Her extensive experience leading global wealth management businesses, her broad understanding of international banking and her focus on people, technology and client experience makes her the ideal leader for Allfunds’ next phase of growth. Annabel’s deep connections to the global client base and a wide range of asset managers, built over many years, will drive Allfunds’ future growth strategy.”

Annabel Spring said: “Allfunds is an international leader in its field with a strong reputation across the wealth and banking community. The trends supporting the continued growth of global wealth are robust and I believe Allfunds is very well-placed to capture this significant opportunity. I am excited to join Allfunds and be working alongside the Board, the teams at Allfunds and our global partners to ensure we continue to innovate, grow and deliver for our clients and shareholders.”

Allfunds is advancing its WealthTech strategy by building the industry’s largest integrated global B2B platform. Designed to deliver operational efficiency and scalable growth, the platform combines value-added solutions with technological innovation to help asset and wealth managers and distributors thrive in today’s complex investment landscape.

To further this strategic direction, Allfunds has appointed Véronique Uzan as Head of France. A recognised transformation leader in the European asset management industry, Uzan brings a strong track record of leading large-scale operational and digital change that closely aligns to Allfunds' innovation focus.

She will be based in Paris and report to Gianluca Renzini, Chief Commercial Officer for Allfunds.

With extensive experience at Amundi Group, where she held the role of Chief Operating & Transformation Officer of Dealing, Uzan successfully contributed to major M&A integrations including Pioneer, Sabadell, and Lyxor. Her expertise in redesigning operating models and implementing cross-functional transformation initiatives has consistently delivered value to organisations and their end-clients.

Uzan was also instrumental in setting up Alto Platform, launching and commercialising the services that are today branded Amundi Technology. Her unique combination of operational expertise, platform development experience, knowledge of the client journey and digital innovation focus establishes her as an authority in the asset and wealth management sector.

Most recently as Deputy CEO of Montpensier Finance, Uzan had the opportunity to complete her range of expertise with legal, regulatory, operational, and commercial frameworks required to maximise client value at an entrepreneurial asset manager.

Bruno Piffeteau will be transitioning away from his role and will pursue new personal projects. Allfunds thanks Bruno for his dedication, leadership, and collaboration over the years. His contributions have played an important role in strengthening the business in France, and we wish him all the best in this next chapter.

Gianluca Renzini, Chief Commercial Officer for Allfunds said “Veronique’s appointment is a strategic step forward as we continue scaling our platform and expanding our WealthTech leadership. Her deep expertise in transformation, technology, solution mindset and client engagement align perfectly with our ambition to be the trusted digital partner for the industry. France is a key market for us, and Veronique’s leadership will be instrumental in driving growth and delivering more value to our clients.”

Véronique Uzan, New Head of France for Allfunds, added “Allfunds stands out for its commitment to innovation and its focus on anticipating client needs in a fast-changing environment. I’m excited to contribute to this mission by helping deliver solutions that are not only more digital, but also more relevant, scalable, and aligned with what clients truly need and value.”