Swiss banking group Credit Suisse has agreed to merge its open architecture B2B investment fund platform, Credit Suisse InvestLab, with funds platform Allfunds.

PBI reported Credit Suisse was in advanced talks over the future of InvestLab last week.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The combined entity will serve as a global fund distribution platform managing over €500bn in assets.

Under the agreement, the bank will transfer all InvestLab shares, its team, technology and related service and distribution agreements to Allfunds.

Credit Suisse will own a stake of 18% in the combined group and will distribute mutual funds and ETFs using the platform.

“Upon the projected closing in Q3 2019, the transaction will have a limited regulatory capital benefit and is expected to result in a 0.5% RoTE uplift for the financial year 2019 for this transaction alone, all other things being equal,” the Swiss bank stated.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal is pending regulatory nod and expected to complete in the third quarter of this year.

The transfer of the distribution agreements is anticipated to be done in the first quarter of next year.

The management of InvestLab will become senior leaders at the merged business.

Allfunds CEO Juan Alcaraz said: “Credit Suisse is one of the most esteemed wealth management brands in the world and their cooperation with Allfunds is testament to Allfunds’ attractive proposition in the sector. We are truly excited to welcome the InvestLab team to Allfunds.

“With this combination, we continue our global growth and commitment to enhance our service offering to fund houses and distributors by offering the most innovative technology, digital solutions, and data analytics available in the market.”

Earlier this year, Allfunds announced the purchase of Nordic Fund Market from Nasdaq.