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Allfunds launches Allfunds Alternative Solutions

Allfunds launches Allfunds Alternative Solutions, a new division specialised in servicing alternative assets

London/Madrid, 21 March 2023 – Allfunds (AMS:ALLFG), the leading B2B WealthTech platform for the funds industry, today announces the launch of its new division, Allfunds Alternative Solutions.

 

Allfunds Alternative Solutions is the result of Allfunds’ response to strong demand among its clients, especially those from the wealth management segment, for better access to alternative assets and private markets. Although Allfunds already has experience in this area and assets under administration in specialized vehicles (UCITs, ELTIFs, UCI Part II, RAIFs y FCRs) until today it was a service performed only on an on-demand basis.

 

Borja Largo, Chief Fund Groups Officer, will lead a team composed of a combination of new hires and existing Allfunds employees, whose task will be to channel current demand and drive Allfunds' growth in services related to illiquid strategies.

 

As it did for ELTIFs in the past, Allfunds Alternative Solutions will adopt a similar strategy and will initially focus on improving operational efficiency for all vehicles, including global structures such as ELTIFs, RAIFs, UCIs Part II, and local ones, such as the Spanish FCR, to meet the needs of a broad and diverse client base.

 

Borja Largo, Chief Fund Groups Officer states, “It was essential for us to have a team dedicated exclusively to alternative assets, this was the only way we could meet the growing demand from our clients and offer them a service that matched their expectations and past experience with Allfunds. We decided to build this team and launch the project on the solid foundation of Allfunds' success in the traditional asset market, which puts us in a unique position to understand the requirements and preferences of both General Partners and distributors of illiquid strategies.”

 

Juan Alcaraz, CEO of Allfunds adds, “This is another step in our ongoing effort to have the best value proposition in the market and to enhance our one-stop shop model, covering all our customers' needs in a single point of access. We have been developing our alternative offering for some time and believe that with the combination of our experience, human capital and technology, we are perfectly positioned to capitalise on these opportunities".

Mar 21, 2023
Corporate
Financial

Indicative and conditional public offer proposal from Euronext N.V.

Allfunds Group plc confirms that it has received an unsolicited, indicative and conditional public offer proposal from Euronext N.V. for the entire issued and outstanding share capital of Allfunds Group plc at an offer price of EUR 8.75 for each Allfunds Group plc ordinary share payable as follows: EUR 5.69 in cash plus 0.04059 new Euronext N.V. shares.

Under the proposal, the number of new Euronext N.V. shares for each Allfunds Group plc ordinary share would be set by reference to the 1‑week volume‑weighted average price of Euronext N.V. shares on the last trading day before the date of formal announcement of the offer in order for the price per Allfunds Group plc ordinary share to be EUR 8.75.

In addition, as part of the proposal, Euronext N.V. would also pay to Allfunds Group plc shareholders who tendered their shares in the offer a ticking fee per Allfunds Group plc share, corresponding to 5.5% per annum applied to the offer price from the date of the formal offer announcement to the earlier of: (i) the first settlement date of the offer (both inclusive); and (ii) 31 March 2024 (both inclusive). Under the proposal, the ticking fee would be payable in cash, Euronext N.V. shares or a mix of cash and Euronext N.V. shares at Euronext N.V.’s option.

Allfunds Group plc has been informed by Euronext N.V. that Euronext N.V. has been in discussions with Hellman & Friedman and BNP Paribas, together owning 46.4% of Allfunds Group plc’s share capital, to obtain their support for the offer. Allfunds Group plc has not been party to such discussions.

The Allfunds Group plc board is currently evaluating the offer proposal, which would be subject to a number of conditions. There can be no certainty that any transaction will be forthcoming nor as to the terms on which any such transaction may occur.

Further announcements will be made if and when appropriate.

This is a public announcement by Allfunds Group plc pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014) and article 5, paragraph 1 of the Dutch Decree on Public Takeovers. This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.

Feb 22, 2023
Corporate

Tom Wooders appointed UK Country Head of Allfunds

Madrid / London, 19 January 2023 - Allfunds (AMS: ALLFG), the leading B2B WealthTech platform for the funds industry, today announces the appointment of Tom Wooders as UK Country Head. Tom will lead the UK business as it continues to grow in size and prominence, as a key market in the European funds industry. Tom will report directly to Gianluca Renzini, Chief Commercial Officer.

Having worked in the financial services industry for over 20 years, Tom has extensive experience and insight across multiple industry segments. Prior to Allfunds, Tom was Group Head of Sales at Titan Wealth with responsibility for business development across all of Titan’s constituent entities including Titan Asset Management, Titan Wealth Solutions and GPP. Tom was also previously Executive Director at J.P. Morgan, Vice President at State Street, and UK Head of Sales at Pershing.

Commenting on the appointment, Gianluca Renzini, Chief Commercial Officer, said, “Tom’s depth of experience across the investment industry brings fantastic expertise to Allfunds and we are delighted he has joined the team to lead the UK business. Tom’s knowledge and contacts will be invaluable as we continue to enhance our proposition. This comes at a time where we are reaching a real inflection point in the industry as efficiencies, transparency and risk management become more important than ever. Allfunds is in a unique position to provide solutions to those challenges and offer unrivalled support to clients across the asset and wealth management industries.”

Tom takes over from Simon Shapland who led the UK business for seven years from 2015 until his retirement at the end of 2022. Simon was responsible for overseeing the growth of the company’s UK and Ireland operations during a period of rapid expansion for Allfunds in key international markets. The Board and management are grateful for Simon’s contribution in developing Allfunds’ UK business and congratulate him on a very well-deserved retirement.

Allfunds. Transforming the WealthTech industry

Allfunds (AMS:ALLFG) is one of the leading B2B WealthTech platforms for the funds industry, offering fully integrated solutions for both Fund Houses and Distributors. Allfunds has built and continues to evolve an ecosystem that covers the entire fund distribution value chain and investment cycle, with solutions including dealing and execution, data and analytics tools, RegTech, ESG screening, and portfolio monitoring. It remains the sole fully integrated one-stop-shop in the industry.

Allfunds spans the globe with 17 offices* covering all major financial markets, with assets under administration of nearly €1.3 trillion, representing almost 3,000 fund groups and working with over 860 distributors in 61 countries.

Allfunds entered Euronext Amsterdam as a listed company on April 23rd, 2021.

*Bogotá | Dubai | Hong Kong | London | Luxembourg | Madrid |  Miami | Milan | Paris | Santiago | São Paulo | Shanghai | Singapore | Stockholm | Valencia | Warsaw | Zurich

All figures as of 30.09.22, visit www.allfunds.com

Notes to Editors

For further information please contact:


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

Jan 18, 2023
Corporate

Allfunds and BB Asset sign a service agreement

Madrid, 20 December 2022 - Allfunds (AMS:ALLFG), a leading WealthTech B2B platform for the fund industry, offering fully integrated solutions for fund managers and distributors, announced a service agreement with BB Asset, the Asset Management entity of Banco do Brasil.

The agreement further increases Allfunds’ footprint in Brazil where it has a solid commitment and continued business activity with local presence since the opening of its representation office in São Paulo in 2018.

With this commercial partnership, BB Asset reinforces its value proposal in international open architecture, a segment in which it already occupies a privileged position, with relevant international exposure. By using Allfunds' intermediation services, BB Asset will further increase the range of international funds, relying on a network of almost 3,000 managers and more than 130,000 ISINs available on the platform, without the need to sign agreements directly with each one of them. This digital ecosystem, the Allfunds Connect platform, includes access to important investment fund research and selection tools, reaffirming BB Asset's commitment to innovation and digitalization in its international product offering.

Marcelo Pacheco, Executive Director at BB Asset Management, confirms this commitment: “The partnership with Allfunds is in line with our position of being an innovative asset both in our investment funds offering and, in our processes, and will certainly contribute to provide simplify access to investment funds from international managers that will compose our strategies”.

In addition to accessing leading B2B platform for global fund distribution, BB Asset will benefit from Allfunds’ digital tool suite. An ecosystem under constant evolution, Allfunds’ current digital offering can assist users in the selection of investment opportunities through its powerful fund screener, ESG filters, data & analytics reporting, RegTech and portfolio monitoring features.

Laura Gonzalez, Head of Americas at Allfunds, said: “We are very proud that BB Asset has become our client, an entity of strategic importance in the region, not only for its volume of assets, but also for having been at the forefront of solutions for investments abroad. This relationship strengthens our position in the Brazilian market, where we have been present since 2018 and established ourselves as the reference WealthTech platform for players wishing to diversify by investing in international funds. The Brazilian market, due to its sophistication, has always been a challenge for the foreign fund industry. That is why we are especially excited about the top position we have achieved.”

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

Dec 19, 2022
Corporate

Upgrades announced to Allfunds Connect to streamline distribution of market intelligence

Madrid, December 15th 2022 - Fund Insights, which allows fund houses to publish their research, market views, and strategies, is a new service that will gradually be available for Allfunds users through Allfunds Connect. As part of the Allfunds Connect upgrade, Fund Insights is a premium feature that allows fund houses to publish their research and analysis, in a streamlined and simple way, to differentiate their proposition and product offering in a highly competitive market.

In the context of increasing complexity, substantial volatility and a high degree of uncertainty in the markets, Fund Insights offers a unique space for fund managers and distributors to communicate their market view, strategies and insights enhancing the Allfunds Connect ecosystem that encompasses the entire value chain in fund distribution and the investment cycle, with solutions including trading and execution, data and analytics, RegTech, ESG filters and portfolio management tools.

Professional investors, such as fund selectors and advisers, will be able to access all content easily and view funds related to specific themes, giving them the insights they need to make better informed decisions on fund selections and strategies.

Within Fund Insights, Fund Houses can update content and cover relevant topics in a timely way. It also enables content to be enhanced with images, videos, audio and other files. Potential investors can then contact the fund house directly through the platform in one click.

Rollout will be phased out by geographies to ensure smooth deployment and minimize any disruptions to the Allfunds Connect ecosystem.

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

Dec 15, 2022
Financial

Allfunds reports on the progress and end of its share buyback programme

London/Madrid/Amsterdam - Allfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under its share buyback programme announced on 8 November 2022, 129,188 of its own ordinary shares were repurchased on 28 November 2022 on Euronext Amsterdam. The shares were repurchased at an average price of €6.8936 per share. The total consideration of the repurchase was €890,570.69.

The maximum total value of the share buyback programme amounted to €10 million. To date, 1,380,322 ordinary shares have been repurchased for a total consideration of €9,999,993.03. Therefore, the programme has now been completed.

The buyback has been implemented pursuant to the authority granted by the shareholders of Allfunds at its annual general meeting held on 21 April 2022 and is executed within the parameters prescribed by Regulation (EU) 596/2014 on market abuse and the safe harbour parameters prescribed by Commission Delegated Regulation (EU) 2016/1052 for share buybacks.

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

Dec 4, 2022
Financial

Allfunds reports on the progress of its share buyback programme

London/Madrid/Amsterdam - Allfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under its share buyback programme announced on 8 November 2022, 955,000 of its own ordinary shares have been repurchased during the week of 21 November 2022 up to and including 25 November 2022 on Euronext Amsterdam. The shares were repurchased at an average price of €7.1827 per share. The total consideration of the repurchase was €6,859,461.36.

Allfunds intends to repurchase ordinary shares up to a value of €10 million on Euronext Amsterdam. The total number of shares repurchased under this programme to date is 1,251,134 ordinary shares for a total consideration of €9,109,422.33. To date approximately 91.09% of the maximum total value of the share buyback programme has been completed.

The buyback is implemented pursuant to the authority granted by the shareholders of Allfunds at its annual general meeting held on 21 April 2022 and is executed within the parameters prescribed by Regulation (EU) 596/2014 on market abuse and the safe harbour parameters prescribed by Commission Delegated Regulation (EU) 2016/1052 for share buybacks.

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

Nov 27, 2022