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Financial

Allfunds reports on the progress of its share buyback programme

London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under the second tranche of its share buyback programme announced on 17 June 2024, 391,653 of its own ordinary shares have been repurchased during the week of 10 July 2024 up to and including 16 July 2024. The shares were repurchased at an average price of €5.24 per share. The total consideration of the repurchase was €2,056,188.64.

The total number of shares repurchased to date under this tranche of the programme is 2,105,425 ordinary shares for a total consideration of €11,044,425.70. To date approximately 22.09% of the maximum total value of the second tranche of the share buyback programme has been completed.

The buyback is being carried out under the authority to purchase own shares granted by the shareholders of Allfunds at its annual general meeting held on 7 May 2024 and in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052.

For detailed information on the individual share purchase transactions, see the Allfunds investor website at: https://investors.allfunds.com/share_info#share_programme.

This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of Commission Delegated Regulation (EU) 2016/1052.

 Contacts

For media enquiries:


Katherine Sloan
Head of Marketing and Communications
katherine.sloan@allfunds.com

+34 91 274 64 00

For investor enquiries:


Allfunds Group Investor Relations
investors@allfunds.com

+34 91 274 64 00

Jul 15, 2024
Financial

Allfunds reports on the progress of its share buyback programme

London/Madrid/AmsterdamAllfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under the second tranche of its share buyback programme announced on 17 June 2024, 289,565 of its own ordinary shares have been repurchased during the week of 3 July 2024 up to and including 9 July 2024. The shares were repurchased at an average price of €5.18 per share. The total consideration of the repurchase was €1,502,719.88.

The total number of shares repurchased to date under this tranche of the programme is 1,713,772 ordinary shares for a total consideration of €8,988,237.05. To date approximately 17.98% of the maximum total value of the second tranche of the share buyback programme has been completed.

The buyback is being carried out under the authority to purchase own shares granted by the shareholders of Allfunds at its annual general meeting held on 7 May 2024 and in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052.

For detailed information on the individual share purchase transactions, see the Allfunds investor website at: https://investors.allfunds.com/share_info#share_programme.

This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of Commission Delegated Regulation (EU) 2016/1052.

 Contacts

For media enquiries:


Katherine Sloan
Head of Marketing and Communications
katherine.sloan@allfunds.com

+34 91 274 64 00

For investor enquiries:


Allfunds Group Investor Relations
investors@allfunds.com

+34 91 274 64 00

Jul 8, 2024
Corporate

Allfunds reinforces team with two senior appointments

New Head of Global Operations will drive overall operational alignment for the business and deliver new synergies between its key international markets 

Newly-created Chief Data Officer role will advance platform and data strategies across Allfunds

Madrid / London, 8 July 2024 – Allfunds, a leading B2B WealthTech platform for the funds industry offering fully integrated solutions for both Fund Houses and Distributors, today announces two senior appointments as the business continues to pursue initiatives to optimise performance and efficiencies across its global operations.

Paola Rengifo joins as Head of Global Operations in Madrid. In her role, Paola will focus on implementing an efficient global operational structure, working towards synergies, innovation, and automation, all aimed at business process reengineering in close partnership with technology.

With a career spanning three decades, Paola has accumulated extensive international responsibility in the financial services sector through her roles driving the analysis and implementation of firms’ corporate strategies with a focus on platforms, products, and resources. In addition to her senior roles at firms including JP Morgan Chase & Co., she served as an Advisory Council Member of business Technology and Innovation of the Santalucía S.A. Group, and presently holds an Associate Board Member position at the Consejo de Innovación y Buen Gobierno (CIBG) in Spain.

Paola joined Allfunds in May 2024 and reports to Antonio Varela, Allfunds’ Chief Operating Officer.

Miguel Ángel Treceño joins as Chief Data Officer, a newly-created role in which he will focus on digital transformation and maximizing the value of Allfunds’ data driven culture. 

Miguel Ángel is a deeply-experienced leader and executive, having worked for more than 20 years in international financial services and wealth management firms where he helped to shape their technology, operations and finance capabilities in line with evolving business strategies. Having begun his career at Credit Suisse, Miguel Ángel has also held senior roles at other global banks including Santander, JP Morgan Chase & Co., and Citibank. He latterly directed a multidisciplinary global team at Citi, overseeing the firm’s Data Strategy, Architecture and Data Investment programmes and initiatives for its Wealth Banking, Lending and Custody platform in New York City.

Based in Madrid, Miguel Ángel joined Allfunds in June. He will also report to Antonio Varela.

Antonio Varela, Chief Operating Officer at Allfunds, continued: “I am delighted to welcome Paola and Miguel to our team, their appointments are testament to our focus on bringing market-leading talent into our business, to drive internal collaboration and pursue further synergies that ultimately deliver an optimal service for our clients. Allfunds is at the vanguard of transformation in the wealth management industry; with the support and creativity of our growing team, we are confident in our ability to remain a critical partner of choice to our clients, surpassing their expectations in an ever-evolving environment.”

Jul 8, 2024

Allfunds unlocks the power of data for asset managers

Today Allfunds unveils a new range of innovative widgets (micro-applications), a new milestone in its delivery of the most advanced tools in the WealthTech space. Through the seamless integration of browsing data from a user base which includes professional investors from over 800 financial institutions, and cutting-edge artificial intelligence algorithms, these widgets provide unparalleled insight into market trends and investor behavior. This empowers asset managers to make more informed decisions and stay ahead of the competition in today's dynamic investment landscape, who can expect:

  • A snapshot of the most relevant data, including most-visited funds, popular asset classes, and frequent comparisons broken down by geographical region, by entity, etc., information that was previously unavailable.

  • A ranking list of ESG funds rated best by MainStreet Partners, simplifying the process of making sustainable investment choices.

This rollout is just one of the new updates that Allfunds is developing for its digital ecosystem, Allfunds Connect, to expand its offering beyond fund distribution, consolidating as a provider of integrated services for the entire asset management value chain.

These widgets strengthen Allfunds’ position on data analysis and complement the tools of Allfunds Data Analytics, the area that specializes in market intelligence and asset and cash flow analysis, based on a universe of over 3.3 trillion euros. The combination of different services improves result accuracy and makes it possible to forecast user needs by providing the right information at the right time.

By adding these widgets and other popular utilities such as Fund Insights, a section with financial news, opinion articles, and the strategic vision of the world’s leading fund managers, Allfunds Connect is becoming the perfect control center for all investment professionals, who can customise its appearance and choose they information they want to see.

Jul 2, 2024
Financial

Allfunds reports on the progress of its share buyback programme

London/Madrid/AmsterdamAllfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under the second tranche of its share buyback programme announced on 17 June 2024, 290,097 of its own ordinary shares have been repurchased during the week of 26 June 2024 up to and including 2 July 2024. The shares were repurchased at an average price of €5.23 per share. The total consideration of the repurchase was €1,516,946.04.

The total number of shares repurchased to date under this tranche of the programme is 1,424,207 ordinary shares for a total consideration of €7,485,521.73. To date approximately 14.97% of the maximum total value of the second tranche of the share buyback programme has been completed.

The buyback is being carried out under the authority to purchase own shares granted by the shareholders of Allfunds at its annual general meeting held on 7 May 2024 and in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052.

For detailed information on the individual share purchase transactions, see the Allfunds investor website at: https://investors.allfunds.com/share_info#share_programme.

This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of Commission Delegated Regulation (EU) 2016/1052.

 Contacts

For media enquiries:


Katherine Sloan
Head of Marketing and Communications
katherine.sloan@allfunds.com

+34 91 274 64 00

For investor enquiries:


Allfunds Group Investor Relations
investors@allfunds.com

+34 91 274 64 00

Jul 1, 2024

Allfunds and ICBC (Asia) Partner to Enhance Cross-Border Investment Capabilities for Clients

·  Allfunds will support ICBC (Asia) in expanding its cross-border fund accessibility

·  The partnership involves future plans for advanced WealthTech solutions, offering exceptional added value

 

Madrid and Hong Kong, 27 June 2024 – Allfunds, a leading B2B WealthTech platform for the funds industry, announces today a strategic partnership with Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”).

The partnership between ICBC (Asia) and Allfunds will provide a technological fund platform for ICBC (Asia) to simplify manual processing, reduce operational risks, enhance operational efficiency, and automate transactions.

The agreement helps improve customer experience and provides a one-stop solution for global fund transactions for institutional investors.

Allfunds will provide technological solutions and operational support to help ICBC (Asia) streamline its international investment operations, reduce administrative work, and improve the efficiency of managing foreign investments.

In a second phase of the partnership, ICBC (Asia) will integrate some of Allfunds' digital solutions: Allfunds will build an API (Application Programming Interface) data platform, which will enable seamless retrieval and integration of value-added fund data and reports. ICBC (Asia) will also have access to Allfunds' flagship portfolio solution, nextportfolio, a powerful tool for portfolio managers that offers multi-asset capabilities and a fully tailored, mobile-ready, digital experience.

David Pérez de Albéniz, Regional Manager for Asia at Allfunds commented: “We are delighted to support ICBC (Asia) in its growth ambitions beyond Hong Kong, where it is already an established market leader, as we continue to develop our ecosystem and specialize further in servicing custodians in Asia, and globally. I am confident that with this partnership, ICBC (Asia) will further strengthen its value proposition and achieve greater scalability and efficiency in servicing its customers.”

Xu Lei, Deputy Chief Executive Officer at ICBC (Asia) added: “We are pleased with our partnership with Allfunds and we believe that there are many possibilities for us to explore together. Industrial and Commercial Bank of China Limited (“ICBC”) is one of the largest custodian banks in China. As the flagship overseas business of ICBC, ICBC (Asia) provides global custodian services, covering more than 90 markets worldwide through ICBC inter-group organizations and sub-custodian network. ICBC (Asia) supports various global investment products, such as QDII, QFI, Bond Connect, CIBM and other cross-border businesses; as well as Hong Kong Unit Trust, Cayman funds, Separate Accounts, OFC, LPF, SPAC, Escrow and other Hong Kong local and overseas businesses.”

Jun 27, 2024
Financial

Allfunds reports on the progress of its share buyback programme

London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under the second tranche of its share buyback programme announced on 17 June 2024, 1,134,110 of its own ordinary shares have been repurchased during the week of 18 June 2024 up to and including 25 June 2024. The shares were repurchased at an average price of €5.26 per share. The total consideration of the repurchase was €5,968,575.46.

The total number of shares repurchased to date under this tranche of the programme is 1,134,110 ordinary shares for a total consideration of €5,968,575.46. To date approximately 11.94% of the maximum total value of the second tranche of the share buyback programme has been completed.

The buyback is being carried out under the authority to purchase own shares granted by the shareholders of Allfunds at its annual general meeting held on 7 May 2024 and in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052.

For detailed information on the individual share purchase transactions, see the Allfunds investor website at: https://investors.allfunds.com/share_info#share_programme.

This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of Commission Delegated Regulation (EU) 2016/1052.

 Contacts

For media enquiries:


Katherine Sloan
Head of Marketing and Communications
katherine.sloan@allfunds.com

+34 91 274 64 00

For investor enquiries:


Allfunds Group Investor Relations
investors@allfunds.com

+34 91 274 64 00

Jun 24, 2024
Corporate
Financial

Allfunds announces launch of second tranche of its €100 million share buyback programme announced in 2023

London/Madrid/Amsterdam – Allfunds Group plc (“Allfunds”) (TICKER: ALLFG), one of the world’s leading B2B WealthTech platforms for the fund industry, announces today that, pursuant to its share buyback programme announced on 28 July 2023, covering up to €100 million, to repurchase its ordinary shares (the “Shares”) with the purpose to reduce Allfunds’ share capital (the “SBB Programme”), it will launch the second tranche of the SBB programme, that will cover up to €50 million.

The second tranche of the SBB Programme will start on 18 June 2024 with a maximum of up to 12.5 million Shares (“Maximum Shares”) and up to a maximum total value of €50 million (“Maximum Consideration”). It is expected to end at the earliest of: (a) the date on which the Maximum Shares have been purchased; (b) the date on which the Maximum Consideration has been reached; and (c) 31 October 2024.

This tranche of the SBB Programme is being carried out pursuant to a buyback contract signed with Goldman Sachs International in the terms approved by the shareholders of Allfunds at its annual general meeting held on 7 May 2024 and under the authority to purchase up to 62,005,570 Shares granted thereby. It will also be carried out in compliance with the requirements set out in article 5 of the Market Abuse Regulation (EU) 596/2014 and Chapter II of Commission Delegated Regulation (EU) 2016/1052 (the “Applicable Regulations”).

In accordance with the requirements under the Applicable Regulations, Allfunds will provide weekly updates on the progress of the programme via press release and on the Investor Relations section of Allfunds´ website: https://allfunds.com/en/investors/share/.

Important Legal Information

 

This press release is issued in connection with the disclosure and reporting obligations set out in Article 2(1) of the Commission Delegated Regulation (EU) 2016/1052.

Certain statements in this document may be forward-looking. There are a number of risks, uncertainties and other important factors which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changing economic, business or other market conditions, changing political conditions and the prospects for growth anticipated by the management of Allfunds. Any forward-looking statements contained in this document based upon past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Allfunds does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No undue reliance should be placed in such forward-looking statements.

Jun 16, 2024
Corporate

Allfunds and MainStreet Partners Unveil Sustainability Navigator

Allfunds and MainStreet Partners Unveil the Sustainability Navigator: a cutting-edge automated tool designed to efficiently build and audit Article 8 and 9 portfolios in line with the current EU regulatory framework.

Allfunds and MainStreet Partners are proud to announce the launch of the Sustainability Navigator, an innovative tool engineered to streamline the construction of sustainable investment portfolios and deliver comprehensive data insights for asset managers and wealth managers in line with the frameworks of the SFDR regulation.

Sustainability Navigator is a direct result of the collaborative efforts of Allfunds and MainStreet Partners, which have harnessed their combined expertise and strengths to create this tool. MainStreet Partners brings unmatched proficiency in sustainability advisory and proprietary data since 2008. Conversely, Allfunds contributes its cutting-edge digital ecosystem and user-centric approach, seamlessly integrating the tool into Allfunds Connect for instant access to tailored information.

The tool empowers users in two primary ways:
1) The option to upload existing portfolios and gain instant access to a detailed report and breakdowns of several data points including: % of sustainable investments, ESG ratings, presence of controversies and taxonomy alignment.

2) Alternatively, build customized portfolios from scratch and in line with Art.8 and 9 frameworks of EU's Sustainable Finance Disclosures Regulation, using a universe of over 8,500 issuers. Investors can apply various filtering criteria based on best ESG screening practices, including controversies, PAIs, and alignment to the UN SDGs. This empowers them to build portfolios and universes that align with their specific sustainability goals and objectives, while obtaining comprehensive ESG results for each selected issuer.

Key features of the Sustainability Navigator include:

  • Comprehensive Data Integration: Leveraging a vast database of over 8,500 issuers to offer rich and accurate insights on portfolio risk and positive contribution.

  • Real-Time Analysis and Simulation: Empowering users to filter and analyze the sustainable universe in real time.

  • Streamlined Sustainable Portfolio Construction: Simplifying the task of building sustainable portfolios with a tool developed purposefully in alignment with current EU sustainability regulation and frameworks.

  • Enhanced User Experience: Providing a seamless and intuitive journey for users to make informed choices without overwhelming complexities.

Juan de Palacios, Chief Strategy and Product Officer at Allfunds, proudly states, "We are thrilled to release this tool, showcasing the fruitful collaboration that has evolved since we announced Allfunds' acquisition of MainStreet at the beginning of 2023. This undertaking aligns perfectly with our ambition at the time of leveraging leading sustainable data and expertise and integrate it who seamlessly into Allfunds' one stop-shop approach."

Simone Gallo, Managing Director at MainStreet Partners adds “The development of the Sustainability Navigator, supported by Allfunds extensive distribution network, will bring MainStreet’s expertise closer to a wider audience. Together we have built a unique digital tool to automatise the main needs of several investors that want to build an Art.8 product or transform an Art.8 into and Art.9 and have often asked us: how can I build and audit in an efficient and cost-effective way several sustainable universes using thousands of data points that speak the language of the SFDR framework?”

May 13, 2024
Corporate

Allfunds achieves €100bn AuA milestone in UK

Allfunds (AMS: ALLFG), one of the world’s leading B2B WealthTech platforms for the funds industry, offering fully integrated solutions for both fund houses and distributors, today announces that in 2024 it has passed the milestone of €100bn in assets under administration (‘AuA’) in the UK.

Allfunds opened its UK branch in 2005 as part of its strategic expansion across Europe. Since then, the UK has become one of Allfunds’ key international markets. In that time, the business has continued to capitalise on industry tailwinds to evolve its technology-enabled offering, fostering meaningful client partnerships and thereby delivering its services to ever more stakeholders in the wealth and asset management industry.

The €100bn AuA milestone is the culmination of a number of important, recent developments across Allfunds’ UK operations. Each has helped the business consolidate its market footprint and the role it plays as an enabler of clients’ business growth and competitiveness in an increasingly complex and dynamic industry environment:

· Allfunds has continued to appoint market-leading talent and in 2023, hired Tom Wooders as UK Country Head, responsible for driving business scale and prominence in what is a key strategic market for Allfunds.

· Also in 2023, Allfunds was authorised by the PRA and FCA to operate as a Third Country Branch in the UK, cementing Allfunds’ status as a leading, trusted provider of distribution, dealing, settlement and banking services to a growing roster of clients in the UK wealth management market.

· Experiencing strong growth since inception in the UK in 2005, this trajectory has accelerated in the last 18 months; driven by Allfunds’ reputation for service and delivery excellence, its ongoing innovations in services and technology and a focus on aligning closely to evolving UK market dynamics and client needs.

Juan Alcaraz, Chief Executive Officer of Allfunds commented: “I am delighted that our UK business has reached this important milestone. The wealth and asset management industry continues to undergo transformations as a result of the need to digitalise client services, coupled with increasingly compressed operating margins that are compelling firms to seek efficiencies for their day-to-day operations. Reaching €100bn in assets demonstrates the impact that our sophisticated, innovative solutions have had on our ability to attract more clients and foster long-term relationships with them. I am confident in the ability of the UK business to continue growing and evolving and playing an integral role to the success of the wider Group.”

Tom Wooders, UK & Ireland Country Head at Allfunds, continued: “Reaching €100 billion in assets under administration in the UK is a milestone that the entire local team should be proud of, and I would like to extend my thanks and congratulations to all for their commitment to their work. I would further like to acknowledge our clients and their continued trust in us; we look forward to remaining in close partnership with them in the years to come. Allfunds in the UK is an innovative, inspirational place to work and we continue to invest in our talent, as well as products and solutions to ensure this ethos endures and that we can continue to grow at the pace and scale we have achieved to date.”

Apr 29, 2024