FUND ADMINISTRATION

Amundi’s Fund Channel expands into Asia

Fund Channel distribution platform will be made available to institutional investors in Asia.

By Hayley McDowell hayley.mcdowell@strategic-i.com March 06, 2017 11:56 AM GMT

Fund Channel, a cross-border fund distribution platform, has expanded its presence in Asia by extending access to institutional investors in the region. 

The joint venture - owned by Amundi and BNP Paribas investment Partners - has also opened a new branch in Singapore as part of the expansion.

It will offer support services for the management of distribution contracts with asset managers to distributors of Asian funds.

These services consist of regulatory monitoring, monitoring and commission payments for the distribution of funds.

Richard Lepère, managing director of Fund Channel, explained the firm specialises in services for distributors who are looking to maintain full control of their products.

“We simplify the legal work required for implementing distribution agreements, monitor regulatory requirements and apply a systematic process to deliver over 90% of the distribution fees within 90 days following the quarter-end,” he said.

Fund Channel currently supports over 100 institutional clients in cross-border fund distribution activity across several European countries.

Its distribution platform administers around 45,000 funds from over 400 management companies.

Through its new Singapore branch, the company is targeting to reach €5 billion in assets distributed within four years.