Allfunds and Credit Suisse InvestLab combine to create platform giant
€500bn-plus AUA
"We are creating a stronger player in the platform and wealth technology space" - Allfunds' Juan Alcaraz
European platform Allfunds is to combine with Credit Suisse's InvestLab open architecture investment fund activities to create a wealth platform with more than €500bn (£447bn) in assets under management (AUA).
The deal, which remains subject to regulatory approval, would lead to a combined business that would distribute more than 78,000 funds and ETFs to more than 700 distributors across 45 countries. In...
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