MFS Investment Management has signed a distribution agreement with the Italian arm of Deutsche Bank bolstering its presence in the market.
Through the partnership, MFS will distribute a selection of funds from its Luxembourg flagship vehicle to Deutsche Bank‘s network of branches and private bankers, as well as to its financial advisory network.
The MFS Meridian funds that will be available on the Deutsche Bank platform will include equity, fixed income and multi-asset strategies.
Andrea Baron, managing director, Italy for MFS Investment Management said: "We are delighted to collaborate with Deutsche Bank. They are one of the leading global financial groups in the region, with access to an extensive network. This is an important step in achieving our ambitious growth aspirations in Italy as we deepen our relationships with our Italian client base.
"Deutsche Bank is a pioneer in the retail distribution space. We believe its excellent reputation, combined with MFS' long-term approach to investing and commitment to finding the best, most durable investment opportunities for our clients, will lead to a successful collaboration. Our aim is to provide a full service partnership, providing Deutsche Bank financial advisers the opportunity to access MFS' expertise through a selection of high-quality strategies, as well as training sessions and a deep pool of value-added market analysis and insights."
Sheila Zanchi, head of investment advisory at Deutsche Bank in Italy, added: "A distribution agreement with a major player such as MFS will allow us to further enrich and diversify our product offering and the range of services available to our network of branches, private bankers and financial advisers. That ensures that we are always well positioned to provide the best solutions to support the needs of our customers."
MFS, with $466.9bn in assets under management, entered the Italian market in 2005, offering a wide range of investment strategies to clients.