Swiss private bank to distribute SEB’s Luxembourg fund range
Swiss wealth management bank Union Bancaire Privée has signed a deal to distribute SEB’s Luxembourg fund range to institutional investors.
The agreement covers a range of funds that will initially be distributed in Belgium, the Netherlands, Luxembourg, Switzerland, France, the UK, Austria and Spain.
Nicolas Faller, co-chief executive of UBP Asset Management, says the plan presents an opportunity for UBP to distribute its funds in the Nordics.
“We now offer SEB’s funds alongside our own, and we are very much looking forward to building up this business SEB offers financial services to private, corporate & institutional clients,” Faller said in a statement.
SEB’s investment arm has close to €95bn in assets under management.
Green bonds, Danish mortgage bonds and sustainability funds are included in the UBP deal.
Peter Branner, head of SEB Investment Management, said he is confident that the agreement will allow SEB to better support clients and third-party distributors outside of its core markets.
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