FundsHub has announced it will move into Germany and Italy in 2001. Presently FundsHub has offices ...
FundsHub has announced it will move into Germany and Italy in 2001.
Presently FundsHub has offices in London, Luxembourg and California and plans to open offices in Milan and Frankfurt in the first two quarters of 2001. However, the head office will remain in London.
FundsHub is a joint venture company of Chase Manhattan Bank and Investia. The company provides outsourced funds supermarket solutions and targets retail banks, building societies, insurance groups and brokers in the UK and across Europe.
Financial services firms using FundsHub's infrastructure can develop online investment supermarkets under their own brand name. FundsHub offers a front-to-back office solution which ties fund companies, distributors and retail investors in an internet-linked supply chain.
Mark Collier, chairman and CEO of FundsHub, said: "Germany and Italy are perceived by the global mutual fund industry as hot spots for fund supermarkets. Proprietary fund distribution by the universal banks is slowly dying, and retail investors want access to best-in-class, higher yielding investments."
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