26/7/2011
By Adam Cadle
The Fund Platform Group (“FPG”), made up of a variety of financial institutions who act as fund platforms across Europe including Swisscanto London and Société Générale Securities Services, will aim to consolidate and build understanding where necessary between stakeholders.
Improvements in transaction handling and the creation of a single market voice are some of the proposals that the group wishes to implement in order to make sure that investment funds are transferred under the required regulations and the distribution process is carried out as smoothly as possible.
FPG chairman Edouard Bokuetenge said: “Fund platforms are pivotal to the evolution of the global distribution landscape, regardless of the type or location of a fund.
“At a time when new legislations are facilitating cross-border distribution but also bringing greater complexity, we believe that the creation of a strong and independent Global Fund Platform association is critical.”
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