DBS Leverages Allfunds Platform
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DBS inks an agreement with Allfunds to leverage its fund distribution capabilities and boost penetration in Asia.
DBS’s retail banking and wealth management arm will look to leverage from the partnership «access to a broad range of investment funds and utilize the asset servicing services which Allfunds provides in Asia, and globally,» according to a statement.
According to Allfunds’ Asia regional manager David Perez de Albeniz, the partnership marks a common goal towards increasing mutual funds penetration in Asia, highlighting potential synergies between DBS’s «innovative digital offering» and Allfunds’ open-architecture platform. Marc Lansonneur, head of managed solutions, balance sheet products and investment governance at DBS Wealth, echoed the sentiments and underlined the comprehensiveness of the Allfunds platform.
Allfunds presents a one-stop solution for our distribution needs – access to an extensive fund eco-system, leading technology proposition, and a full suite of servicing capabilities – which we seek to leverage to achieve greater convenience, efficiency, and productivity moving forward, Lansonneur said.
Questions & Answers
Q.What is the primary objective of the partnership between DBS and Allfunds?
What is the primary objective of the partnership between DBS and Allfunds?
DBS aims to use Allfunds' fund distribution capabilities to boost its penetration in the Asian market. The collaboration seeks to increase mutual funds penetration across the region through a comprehensive platform.
Q.Which specific part of DBS will utilise the Allfunds platform?
Which specific part of DBS will utilise the Allfunds platform?
DBS's retail banking and wealth management arm will be using the partnership. This will provide access to a wide range of investment funds and utilise the asset servicing solutions offered by Allfunds.
Q.What benefits does DBS expect to gain from using Allfunds' platform?
What benefits does DBS expect to gain from using Allfunds' platform?
DBS expects to achieve greater convenience, efficiency, and productivity. The platform offers access to an extensive fund ecosystem, a leading technology proposition, and a full suite of servicing capabilities for distribution needs.
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