Fund Channel, the B2B fund distribution platform owned by Amundi, announces a partnership agreement with Nagelmackers through which Fund Channel becomes its fund distribution platform.
The partnership with Nagelmackers started in 2021 when Fund Channel was selected to deal with their whole distribution architecture. This encompasses the entire due diligence process and all financial regulations.
The range of services provided allows Nagelmackers to centralise and simplify their management of its distribution activities by entering into an ecosystem that creates operational efficiency in a transparent regulatory framework.
Both entities are delighted with the results of this partnership, which constitutes a unique offer for clients in Belgium.
Pierre-Adrien Domon, Chief Executive Officer, at Fund Channel, comments, “We are proud to strengthen our ties with the Belgium market as Nagelmackers constitutes a pillar in the financial sector providing private banking services since 1747. As we continue to expand our fund distribution services, we look forward to supporting them in their entire distribution architecture.”
Natacha Allard, Head of Investments at Nagelmackers, adds, “As we emerge from this pandemic, the urgency of digital solutions has increased. This has been essential in the operations with our clients. By partnering with Fund Channel we are certain that we can meet the digital solutions on the time frame required and covering the regulatory requirements as well.”
It was in 1747 that Pierre Nagelmackers founded the eponymous bank, which remains the oldest bank in Belgium to this day. After having disappeared from the banking landscape for a few years in favor of Delta Lloyd Bank, the name Nagelmackers resurfaced, modernized and adapted to current expectations in October 2015, when Anbang Belgium Holding became a shareholder.
Nagelmackers is the partner for families to build, manage and protect their entire wealth, from generation to generation.
To this end, the bank offers Personal & Private Banking services, accessible from an invested asset of at least EUR 75,000. The bank currently has 22 salaried branches and 41 independent agents who pursue this strategy with their clients.
A fully owned subsidiary of Amundi, the leading European asset manager, Fund Channel is a B2B fund distribution platform operating across Europe and Asia.
Since 2005, Fund Channel provides innovative services to facilitate fund distribution, strengthens transparency and improves processes for asset managers and fund distributors with the aim of enhancing their relationships with clients, partners and regulators.
Fund Channel has more than EUR 330 billion of assets under intermediation providing a “one-stop-shop” solution for 600 asset managers and more than 100 distributors.
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