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Here you will find the latest press releases from Allfunds. For any media inquiries, please reach out to press@allfunds.com.

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Financial

Allfunds nomme Patrick Mattar Responsable mondial de la distribution des ETP

Madrid / Londres, 8 octobre 2024 - Allfunds, une plateforme WealthTech B2B de premier plan pour l'industrie de la gestion de fonds offrant des solutions entièrement intégrées à destination des gérants et des distributeurs, annonce aujourd'hui la nomination de Patrick Mattar en tant que Responsable mondial de la distribution des Exchange-Traded Products (« ETP »).

Allfunds a récemment confirmé son intention de lancer une plateforme ETP en 2025, une expansion qui complétera les offres existantes d'Allfunds en matière de fonds traditionnels et alternatifs et qui établira une plateforme complète reposant sur trois piliers, avec un spectre complet de produits négociés en bourse dans le cadre d'une solution intégrée.

Dans ses nouvelles fonctions, Patrick sera chargé de diriger le développement et le lancement de la plateforme ETP, de piloter la stratégie de ce segment et d'assurer une intégration harmonieuse avec l'ensemble des services existants d'Allfunds. Il se consacrera à valoriser l'innovation, à améliorer l'expérience client et à assurer le succès à long terme de la plateforme dans un contexte financier en pleine évolution. 

Patrick apporte sa riche expérience à ce poste, acquise à travers les postes de direction qu'il a occupés au sein d'organisations de premier plan dans le secteur des services financiers. Avant de rejoindre Allfunds, il était responsable mondial des ETF chez Aberdeen Standard Investments (aujourd'hui Abrdn) et, avant cela, directeur général chez iShares, BlackRock, où il a passé près d'une décennie à contribuer à la croissance de l'utilisation des ETF par le biais de nouveaux produits et de nouvelles utilisations par les investisseurs. 

Patrick est titulaire d'une maîtrise en économie de l'université de St Andrews et a été boursier de l'université de Pennsylvanie. En outre, il a obtenu une maîtrise en sciences de l'université de Stirling et a fréquenté le Trinity College de Dublin. 

Patrick Mattar a commenté : « Je suis ravi de rejoindre Allfunds et de diriger ce projet passionnant. L'opportunité de développer une plateforme ETP complète est incroyablement captivante, et je suis impatient de travailler avec l'équipe talentueuse d'Allfunds pour fournir des solutions innovantes qui répondent aux besoins évolutifs de nos clients. »

Juan de Palacios, Directeur de la stratégie et des produits chez Allfunds, a déclaré : « Nous sommes ravis d'accueillir Patrick chez Allfunds. Son expertise et son leadership dans les secteurs des ETP et des ETF seront déterminants pour la prochaine phase de notre croissance, et nous sommes convaincus que, sous sa direction, notre nouvelle plateforme apportera une valeur significative à la fois à l'écosystème des ETP et à nos clients. »

8 oct. 2024
Financial

Allfunds Connect Introduces Innovative Alternatives Microsite for Distributors​  

Allfunds unveils the launch of its new Alternatives microsite, now integrated into the dynamic digital ecosystem of Allfunds Connect. ​

This robust knowledge hub serves as a centralized resource center, offering exclusive, insightful articles, and academic content focused on alternative funds. The primary goal is to educate and enlighten distributors on the unique nuances, opportunities, and significance within the alternative investment landscape.​

This strategic initiative aligns with Allfunds Alternative Solutions' commitment to enhancing accessibility to private markets for distributors and the wealth management segment.​

The microsite prominently features educational content from Allfunds Private Partners, which include Apollo, BlackRock, Blackstone, Carlyle, Franklin Templeton, and Morgan Stanley Investment Management - leaders in alternative investments. ​

As part of the APP programme's premise, Allfunds is dedicated to empowering partners in their distribution endeavours, especially in exploring new markets and segments. This development signifies the organization's ongoing dedication to evolving solutions for its clients and bringing them closer to achieving success in the dynamic landscape of alternative investments.​

24 sept. 2024
Financial

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

Allfunds Group plc (“Allfunds”) (TICKER: ALLFG) informs today that, under the second tranche of its share buyback programme announced on 17 June 2024, 385,164 of its own ordinary shares have been repurchased from 18 to 20 September 2024 on Euronext Amsterdam. The shares were repurchased at an average price of €5.44 per share. The total consideration of the repurchase was €2,094,912.62.

The maximum total value of the second tranche of the share buyback programme amounted to €50 million. To date, 9,433,446 ordinary shares have been repurchased for a total consideration of €49,999,999.13. Therefore, the programme has now been completed.

Allfunds will now take the necessary steps for the 9,433,446 repurchased shares to be cancelled. Following their cancellation, the share capital will be reduced by €23,583.62 to €1,526,555.65 and will be divided into 610,622,256 ordinary shares. Allfunds will notify the AFM of the updated share capital without delay.

The buyback has been implemented under the authority to purchase own shares granted by the shareholders of Allfunds at its annual general meeting held on 9 May 2023 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

22 sept. 2024
Corporate

Allfunds announces partnership with Rathbones, providing funds dealing and distribution services

· Allfunds to act as exclusive provider of funds dealing and distribution services to Rathbones Group Plc

· Latest evolution of the partnership will integrate the combined investment management business of Rathbones Group and Investec Wealth & Investment (UK)

·  Partnership reinforces the role Allfunds plays in the UK wealth management market as a partner for growth

 

Madrid / London, 10 September 2024 – Allfunds, a leading B2B WealthTech platform for the funds industry, is pleased to announce its partnership with Rathbones, a leading provider of individual wealth management and related services to private clients, advisors, charities, trustees and professional partners.

The partnership gives Rathbones the ability to deal and trade products through a single portal, streamlining and improving the service for Rathbones’ clients.  It was initiated in 2023, with Rathbones’ international subsidiary using Allfunds for funds dealing and distribution and benefitting from access to Allfunds’ universe of over 140,000 funds.

 

Building on the success of the initial migration to the Allfunds platform for Rathbones Investment Management International, the partnership has now evolved to also encompass the combined investment management business of Rathbones Group and Investec Wealth & Investment (UK) across both their international and UK-domestic investments.

 

Tom Wooders, Regional Head, UK and Ireland at Allfunds commented: “We are delighted to act as a strategic partner to Rathbones. As a result of transformative shifts within the wealth management industry, it is crucial that companies have access to tools and solutions that enable a better and more efficient service for clients. We look forward to continuing our programme of close collaboration in the coming months.”

 

The partnership has contributed to Allfunds’ recent strong performance in the UK – a critical market for the global business – and has helped drive the company’s assets under administration (AuA), which surpassed €100 billion in April 2024.

10 sept. 2024
Corporate

Update on Credit Suisse / UBS Relationship

Allfunds Group plc (Allfunds) has received notice from UBS that, as a result of UBS’ merger with Credit Suisse, UBS has taken the decision to replace Allfunds as fund distribution platform partner for the former Credit Suisse business (now UBS), with UBS’ current fund platform partner with effect from 1 January 2025. UBS has today advised the relevant fund managers of its plans. The decision taken by UBS does not reflect any concern or dissatisfaction with the platform or levels of service provided to Credit Suisse by Allfunds, as confirmed by UBS, and is a consequence of the merger of Credit Suisse with UBS.

The former Credit Suisse business agreed to use Allfunds as its fund distribution platform on an exclusive basis (the Former CS Fund Distribution Activities) under the cooperation agreement in place with Credit Suisse dated 25 June 2019 (the Cooperation Agreement). This Cooperation Agreement provides for exclusivity through June 2026, with the option of a further three years to June 2029 at Allfunds’ sole discretion. Allfunds is taking the relevant steps to preserve its legal rights and remedies in connection with the Cooperation Agreement.

With regard to the Former CS Fund Distribution Activities covered under the Cooperation Agreement, the revenue generated from the Former CS Fund Distribution Activities represents approximately 3% of Allfunds’ total revenues as of 30 June 2024.

The remaining Allfunds business excluding the Former CS Fund Distribution Activities has exhibited materially better underlying revenue growth and AuA net flow characteristics since 2021, specifically:

  •   +2.5%-pts higher annual revenue growth than on a reported basis (16.2% vs. 13.8% revenue CAGR 2021-2023);

  • +3%-pts higher net platform flows (from existing and new clients) than on a reported basis (10% vs. 7% average annual net flows); and

  • H12024 net flows from existing and new clients excluding CS/UBS were +€22 billion compared to +€14 billion on a reported basis.

The Company expects the outlook for 2024 to remain unchanged.

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 Regulation (EU) No 596/2014 on market abuse.

23 août 2024