UBP to distribute SEB’s Luxembourg fund range
Swiss manager Union Bancaire Privée (UBP) has signed an agreement with SEB, a Nordic financial services group, that will enable UBP to distribute SEB’s Luxembourg fund range to institutional clients and third-party distributors.
UBP said the agreement covers a selected range of SEB funds that will initially be distributed by the company in eight countries: Belgium, the Netherlands, Luxembourg, Switzerland, France, the UK, Austria and Spain.
Funds included in the deal for further distribution will include green bonds, Danish mortgage bonds and sustainability funds.
“This cooperation provides UBP and SEB mutual benefit and, over the long term, presents an opportunity for UBP to distribute its funds in the Nordics .
“This agreement will enrich our investment offering beyond our existing capabilities with high – quality investment strategies, enabling us to better meet our clients’ needs .
“We now offer SEB ’s funds alongside our own, and we are very much looking forward to building up this business”, explains Nicolas Faller, co-CEO of UBP Asset Management.
UBP had CHF110bn (€99.4bn) in assets under management as at 31 December 2015.